Vident Advisory LLC Has $2.98 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vident Advisory LLC raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,022 shares of the technology company's stock after purchasing an additional 1,721 shares during the quarter. Vident Advisory LLC's holdings in Jack Henry & Associates were worth $2,984,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Willis Investment Counsel increased its stake in Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after acquiring an additional 68 shares during the period. Torray Investment Partners LLC increased 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 acquiring an additional 76 shares during the period. EverSource Wealth Advisors LLC increased its stake in Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares during the period. Mather Group LLC. increased its stake in Jack Henry & Associates by 12.2% in the fourth quarter. Mather Group LLC. now owns 761 shares of the technology company's stock valued at $133,000 after acquiring an additional 83 shares during the period. Finally, Moran Wealth Management LLC increased 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 period. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JKHY shares. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods lowered 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. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. 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 on the stock in a research note on Wednesday, April 2nd. Finally, 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. One investment 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $1.62 during trading hours on Tuesday, reaching $183.62. 242,993 shares of the company were exchanged, compared to its average volume of 661,754. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock's fifty day moving average is $175.70 and its two-hundred day moving average is $174.93. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period in the prior year, the business earned $1.19 earnings per share. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side 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 will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.26%. Jack Henry & Associates's dividend payout ratio is currently 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.