Legacy Capital Wealth Partners LLC Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Legacy Capital Wealth Partners LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 59.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,698 shares of the technology company's stock after selling 2,495 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Jack Henry & Associates were worth $310,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Jacobson & Schmitt Advisors LLC raised its holdings in shares of Jack Henry & Associates by 3.0% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 58,635 shares of the technology company's stock valued at $10,707,000 after buying an additional 1,699 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $38,000. Bridgewater Advisors Inc. purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $632,000. TimesSquare Capital Management LLC raised its holdings in shares of Jack Henry & Associates by 6.1% during the 1st quarter. TimesSquare Capital Management LLC now owns 6,950 shares of the technology company's stock valued at $1,269,000 after buying an additional 400 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Jack Henry & Associates by 20.5% during the 1st quarter. Apollon Wealth Management LLC now owns 3,789 shares of the technology company's stock valued at $692,000 after buying an additional 645 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $177.50 on Thursday. 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 fifty-two week low of $160.23 and a fifty-two week high of $196.00. The firm has a market cap of $12.93 billion, a P/E ratio of 30.24 and a beta of 0.72. The business's 50 day moving average price is $180.36 and its 200-day moving average price is $176.12.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share 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 company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the company posted $1.19 earnings per share. The firm's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. UBS Group decreased 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. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, The Goldman Sachs Group raised 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.

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