Jack Henry & Associates, Inc. (NASDAQ:JKHY) Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 169.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,349 shares of the technology company's stock after acquiring an additional 2,104 shares during the quarter. SG Americas Securities LLC's holdings in Jack Henry & Associates were worth $612,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Enterprise Financial Services Corp purchased a new position in Jack Henry & Associates during the 4th quarter worth approximately $900,000. Cobblestone Capital Advisors LLC NY grew its position in Jack Henry & Associates by 21.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after buying an additional 21,466 shares during the period. Andra AP fonden grew its holdings in shares of Jack Henry & Associates by 10.7% in the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after acquiring an additional 2,900 shares during the period. AGF Management Ltd. purchased a new position in shares of Jack Henry & Associates in the fourth quarter valued at $305,000. Finally, Russell Investments Group Ltd. increased its holdings in Jack Henry & Associates by 14.4% during the 4th quarter. Russell Investments Group Ltd. now owns 56,023 shares of the technology company's stock valued at $9,821,000 after acquiring an additional 7,066 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. 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 research report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. UBS Group dropped 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 report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Stock Down 1.7%

JKHY traded down $3.11 during trading hours on Friday, reaching $178.28. 888,072 shares of the stock traded hands, compared to its average volume of 572,839. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 3.02 and a beta of 0.73. 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 firm's fifty day simple moving average is $177.91 and its two-hundred day simple moving average is $175.83.

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. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same period in the prior year, the company posted $1.19 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Jack Henry & Associates Company 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.