Janney Montgomery Scott LLC Has $22.73 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Janney Montgomery Scott LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,460 shares of the technology company's stock after selling 3,456 shares during the period. Janney Montgomery Scott LLC owned about 0.17% of Jack Henry & Associates worth $22,726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. National Pension Service acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $40,000. Cary Street Partners Financial LLC acquired a new position in Jack Henry & Associates in the 4th quarter worth $54,000. Tortoise Investment Management LLC boosted its stake in Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after purchasing an additional 143 shares during the period. Finally, Menard Financial Group LLC acquired a new position in Jack Henry & Associates in the 4th quarter worth $60,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $3.11 during mid-day trading on Friday, hitting $178.28. The stock had a trading volume of 888,072 shares, compared to its average volume of 572,839. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.02 and a beta of 0.73. The company's 50 day simple moving average is $177.91 and its 200 day simple moving average is $175.83. 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 (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same quarter last year, the firm posted $1.19 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

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

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.