Jack Henry & Associates, Inc. (NASDAQ:JKHY) Holdings Reduced by Walker Asset Management LLC

Walker Asset Management LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 229,086 shares of the technology company's stock after selling 8,899 shares during the period. Jack Henry & Associates makes up approximately 25.4% of Walker Asset Management LLC's holdings, making the stock its largest holding. Walker Asset Management LLC owned approximately 0.31% of Jack Henry & Associates worth $41,831,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Jack Henry & Associates by 9.7% in the first quarter. GAMMA Investing LLC now owns 2,559 shares of the technology company's stock valued at $467,000 after purchasing an additional 227 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of Jack Henry & Associates by 4.0% in the 1st quarter. Yousif Capital Management LLC now owns 14,327 shares of the technology company's stock worth $2,616,000 after buying an additional 552 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Jack Henry & Associates by 4.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 11,232 shares of the technology company's stock worth $2,051,000 after buying an additional 510 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Jack Henry & Associates by 530.4% during the 1st quarter. Farther Finance Advisors LLC now owns 9,280 shares of the technology company's stock worth $1,708,000 after acquiring an additional 7,808 shares in the last quarter. Finally, Portside Wealth Group LLC lifted its position in Jack Henry & Associates by 6.7% during the first quarter. Portside Wealth Group LLC now owns 1,564 shares of the technology company's stock valued at $286,000 after acquiring an additional 98 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research analyst reports. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, UBS Group dropped their price target 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Price Performance

JKHY stock traded up $0.28 during mid-day trading on Wednesday, reaching $179.79. 368,195 shares of the company's stock were exchanged, compared to its average volume of 572,533. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.36 and a beta of 0.73. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The stock's 50 day moving average is $176.30 and its 200 day moving average is $175.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the previous year, the firm earned $1.19 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

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.