Tyche Wealth Partners LLC Has $281,000 Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tyche Wealth Partners LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 61.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,538 shares of the technology company's stock after selling 2,454 shares during the quarter. Tyche Wealth Partners LLC's holdings in Jack Henry & Associates were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. AdvisorNet Financial Inc raised its holdings in Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after acquiring an additional 75 shares in the last quarter. Torray Investment Partners LLC grew its stake in Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after purchasing an additional 76 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its position in shares of Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after purchasing an additional 77 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after purchasing an additional 79 shares in the last quarter. Finally, Moran Wealth Management LLC lifted its stake in Jack Henry & Associates by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after acquiring an additional 85 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Trading Up 0.4%

Shares of JKHY stock traded up $0.72 on Friday, hitting $178.32. The company had a trading volume of 686,937 shares, compared to its average volume of 572,649. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $12.99 billion, a P/E ratio of 30.38, a P/E/G ratio of 3.01 and a beta of 0.73. The stock's 50-day moving average is $178.44 and its two-hundred day moving average is $175.97.

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

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. UBS Group reduced their target price on 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. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wall Street Zen raised shares of 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 report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods lowered 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.