Riverbridge Partners LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,201 shares of the technology company's stock after selling 11,861 shares during the period. Riverbridge Partners LLC owned 0.18% of Jack Henry & Associates worth $24,140,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. National Pension Service bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $27,000. Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter worth about $40,000. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth about $54,000. Tortoise Investment Management LLC lifted its stake in Jack Henry & Associates by 76.9% in the fourth 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 last quarter. Finally, Menard Financial Group LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth about $60,000. Institutional investors own 98.75% of the company's stock.
Wall Street Analysts Forecast Growth
JKHY has been the subject of several 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. UBS Group decreased 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. 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 for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $184.10.
Check Out Our Latest Stock Report on Jack Henry & Associates
Jack Henry & Associates Stock Up 1.5%
JKHY stock traded up $2.74 during trading on Monday, hitting $181.02. 506,135 shares of the company's stock traded hands, compared to its average volume of 572,573. The firm has a market capitalization of $13.18 billion, a P/E ratio of 30.84, a PEG ratio of 3.02 and a beta of 0.73. The business has a fifty day simple moving average of $178.06 and a two-hundred day simple moving average of $175.90. 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 1 year low of $158.62 and a 1 year high of $196.00.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $585.09 million for 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%. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.
Jack Henry & Associates Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's payout ratio is 39.52%.
About Jack Henry & Associates
(
Free Report)
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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