Jacobson & Schmitt Advisors LLC Has $10.71 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jacobson & Schmitt Advisors LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,635 shares of the technology company's stock after buying an additional 1,699 shares during the period. Jack Henry & Associates comprises approximately 2.2% of Jacobson & Schmitt Advisors LLC's investment portfolio, making the stock its 23rd biggest position. Jacobson & Schmitt Advisors LLC owned approximately 0.08% of Jack Henry & Associates worth $10,707,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its stake in Jack Henry & Associates by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company's stock worth $1,613,000 after purchasing an additional 173 shares during the period. Parallel Advisors LLC boosted its stake in Jack Henry & Associates by 33.6% in the 4th quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company's stock worth $746,000 after purchasing an additional 1,070 shares during the period. Signaturefd LLC boosted its stake in Jack Henry & Associates by 41.4% in the 4th quarter. Signaturefd LLC now owns 1,541 shares of the technology company's stock worth $270,000 after purchasing an additional 451 shares during the period. Thrivent Financial for Lutherans boosted its stake in Jack Henry & Associates by 110.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company's stock worth $35,080,000 after purchasing an additional 105,000 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new position in Jack Henry & Associates in the 4th quarter worth approximately $3,140,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Up 1.4%

Shares of Jack Henry & Associates stock traded up $2.48 during midday trading on Wednesday, reaching $177.50. 439,037 shares of the company's stock traded hands, compared to its average volume of 572,594. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 30.24 and a beta of 0.72. The company's 50 day simple moving average is $180.36 and its 200 day simple moving average is $176.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a 52 week low of $160.23 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period last year, the business posted $1.19 EPS. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates's dividend payout ratio is 39.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Sunday. Keefe, Bruyette & Woods cut their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. 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 research report on Wednesday, April 2nd. Finally, UBS Group cut their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $185.11.

Jack Henry & Associates 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.