Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 61.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 large investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in Jack Henry & Associates in the fourth quarter valued at $27,000. Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the fourth quarter valued at $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 valued at $58,000 after buying 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 valued at $60,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. UBS Group cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Stock Performance

Shares of JKHY traded up $0.72 during trading hours on Friday, reaching $178.32. 686,937 shares of the company's stock traded hands, compared to its average volume of 570,190. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 30.38, a P/E/G 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. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The business's fifty day simple moving average is $178.57 and its two-hundred day simple moving average is $175.93.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) 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 revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.19 earnings per share. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current 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 issued 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 payout ratio is currently 39.52%.

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.