Skandinaviska Enskilda Banken AB publ lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,959 shares of the technology company's stock after selling 11,800 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.16% of Jack Henry & Associates worth $21,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. Invesco Ltd. increased its holdings in Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Geode Capital Management LLC increased its holdings in Jack Henry & Associates by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after purchasing an additional 24,709 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Jack Henry & Associates by 8.9% in the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after purchasing an additional 82,100 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Jack Henry & Associates by 22.9% in the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock valued at $146,418,000 after purchasing an additional 155,831 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.
Jack Henry & Associates Stock Up 0.1%
Shares of JKHY stock traded up $0.14 on Wednesday, reaching $175.58. 110,863 shares of the stock were exchanged, compared to its average volume of 610,055. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The business's 50 day moving average price is $179.79 and its 200 day moving average price is $176.45. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 29.91 and a beta of 0.72. Jack Henry & Associates, Inc. has a twelve month low of $160.23 and a twelve month high of $196.00.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Jack Henry & Associates's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.
Jack Henry & Associates Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Monday, July 21st. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. UBS Group decreased their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and an average price target of $185.11.
Check Out Our Latest Report on JKHY
About Jack Henry & Associates
(
Free Report)
Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.
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