Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,799 shares of the technology company's stock after selling 1,629 shares during the period. Stiles Financial Services Inc's holdings in Jack Henry & Associates were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its stake in shares of Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after buying an additional 75 shares during the last quarter. Torray Investment Partners LLC raised its position in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after acquiring an additional 76 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its position in Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after purchasing an additional 77 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after purchasing an additional 79 shares in the last quarter. Finally, Moran Wealth Management LLC grew its stake in shares of Jack Henry & Associates by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after purchasing an additional 85 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 1.7%

Shares of JKHY opened at $178.28 on Monday. The stock has a 50 day moving average price of $177.91 and a 200 day moving average price of $175.84. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 earnings per share. Equities research analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Analyst Upgrades and Downgrades

Several analysts recently commented on JKHY shares. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. UBS Group reduced their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Keefe, Bruyette & Woods dropped their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Company Profile

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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