Stiles Financial Services Inc Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Stiles Financial Services Inc trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 47.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Jack Henry & Associates by 1.8% during the fourth 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 in the last quarter. Invesco Ltd. grew its stake in shares of Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after buying an additional 471,507 shares during the last quarter. Geode Capital Management LLC increased its position in Jack Henry & Associates by 1.3% during 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 buying an additional 24,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its stake in Jack Henry & Associates by 8.9% during the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after buying an additional 82,100 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $0.46 during trading hours on Thursday, reaching $177.60. The company had a trading volume of 502,518 shares, compared to its average volume of 571,464. 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 business has a fifty day moving average price of $178.32 and a 200-day moving average price of $175.95. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00. The firm has a market cap of $12.93 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. UBS Group cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $185.11.

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.