JGP Wealth Management LLC Has $8.38 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

JGP Wealth Management LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,898 shares of the technology company's stock after selling 8,818 shares during the quarter. JGP Wealth Management LLC owned about 0.06% of Jack Henry & Associates worth $8,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Raymond James Financial Inc. purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 during the last quarter. Invesco Ltd. boosted its stake in shares of Jack Henry & Associates by 29.9% during the 4th 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 last quarter. GAMMA Investing LLC boosted its stake in shares of Jack Henry & Associates by 19,937.4% during the 1st 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 boosted its stake in shares of Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after buying an additional 367,806 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on JKHY. Keefe, Bruyette & Woods reduced their price objective on 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. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, UBS Group reduced their price objective 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 equities 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 company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $184.10.

Jack Henry & Associates Stock Performance

Shares of JKHY traded down $0.40 during trading hours on Thursday, reaching $181.11. 115,446 shares of the company's stock traded hands, compared to its average volume of 568,505. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 3.36 and a beta of 0.75. 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, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The business's fifty day simple moving average is $176.36 and its two-hundred day simple moving average is $175.19.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. Analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

About Jack Henry & Associates

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.