Lindbrook Capital LLC Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Lindbrook Capital LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1,865.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,808 shares of the technology company's stock after purchasing an additional 1,716 shares during the period. Lindbrook Capital LLC's holdings in Jack Henry & Associates were worth $330,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JKHY. Teachers Retirement System of The State of Kentucky lifted its position in Jack Henry & Associates by 3.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,607 shares of the technology company's stock valued at $1,024,000 after purchasing an additional 173 shares during the period. Eagle Bay Advisors LLC lifted its position in Jack Henry & Associates by 13.7% in the first quarter. Eagle Bay Advisors LLC now owns 1,429 shares of the technology company's stock valued at $261,000 after purchasing an additional 172 shares during the period. IFP Advisors Inc lifted its position in Jack Henry & Associates by 145.8% in the first quarter. IFP Advisors Inc now owns 789 shares of the technology company's stock valued at $146,000 after purchasing an additional 468 shares during the period. Private Advisor Group LLC lifted its position in Jack Henry & Associates by 8.8% in the first quarter. Private Advisor Group LLC now owns 5,261 shares of the technology company's stock valued at $961,000 after purchasing an additional 425 shares during the period. Finally, Lipe & Dalton lifted its position in Jack Henry & Associates by 1.1% in the first quarter. Lipe & Dalton now owns 20,210 shares of the technology company's stock valued at $3,690,000 after purchasing an additional 220 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY traded up $0.94 during midday trading on Thursday, reaching $181.47. 180,266 shares of the company's stock were exchanged, compared to its average volume of 614,574. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $13.21 billion, a PE ratio of 30.89 and a beta of 0.72. The business's 50-day moving average price is $180.30 and its 200 day moving average price is $176.28. Jack Henry & Associates, Inc. has a 1-year low of $160.23 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend 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 Analysts Forecast Growth

A number of equities research analysts recently commented on JKHY shares. Keefe, Bruyette & Woods reduced 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. UBS Group decreased their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Monday. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $185.11.

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.