SG Americas Securities LLC Increases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SG Americas Securities LLC lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 169.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,349 shares of the technology company's stock after purchasing an additional 2,104 shares during the period. SG Americas Securities LLC's holdings in Jack Henry & Associates were worth $612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. National Pension Service purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $27,000. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $40,000. Cary Street Partners Financial LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $54,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after acquiring an additional 143 shares during the last quarter. Finally, Menard Financial Group LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $2.96 during trading hours on Wednesday, reaching $178.06. 399,050 shares of the company's stock were exchanged, compared to its average volume of 572,135. 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 company's 50 day moving average is $178.32 and its two-hundred day moving average is $175.95. The company has a market cap of $12.97 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 3.07 and a beta of 0.73. 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 announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share 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 22.07% and a net margin of 18.50%. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 earnings per share. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods decreased 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 research note on Thursday, May 8th. UBS Group dropped their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and an average price target 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.