Janney Montgomery Scott LLC Decreases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Janney Montgomery Scott LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,460 shares of the technology company's stock after selling 3,456 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.17% of Jack Henry & Associates worth $22,726,000 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 JKHY. Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the 4th quarter valued at $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after purchasing an additional 643,697 shares during the last quarter. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after buying an additional 471,507 shares during the period. GAMMA Investing LLC grew its stake in shares of Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after buying an additional 464,941 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Jack Henry & Associates by 170.6% in the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock worth $102,278,000 after buying an additional 367,806 shares during the period. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $1.06 during trading on Thursday, hitting $181.39. The stock had a trading volume of 667,949 shares, compared to its average volume of 571,821. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 12-month low of $158.62 and a 12-month high of $196.00. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 3.08 and a beta of 0.73. The stock has a 50-day simple moving average of $177.58 and a two-hundred day simple moving average of $175.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the prior year, the company earned $1.19 EPS. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research 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. Investors of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JKHY. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. UBS Group reduced their price target on shares of 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 target on the stock in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently 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.