Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by West Coast Financial LLC

West Coast Financial LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,678 shares of the technology company's stock after selling 2,056 shares during the period. Jack Henry & Associates comprises approximately 1.0% of West Coast Financial LLC's investment portfolio, making the stock its 29th largest holding. West Coast Financial LLC owned 0.06% of Jack Henry & Associates worth $8,341,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. Enterprise Financial Services Corp acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $900,000. Cobblestone Capital Advisors LLC NY grew its position in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after purchasing an additional 21,466 shares during the period. Andra AP fonden grew its position in shares of Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after purchasing an additional 2,900 shares during the period. Finally, AGF Management Ltd. acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $305,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 0.5%

NASDAQ:JKHY traded up $0.83 on Friday, hitting $181.84. The stock had a trading volume of 277,436 shares, compared to its average volume of 570,440. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 3.36 and a beta of 0.73. The company has a fifty day moving average price of $176.34 and a two-hundred day moving average price of $175.36. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Jack Henry & Associates's revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Equities research analysts expect 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 will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's payout ratio is 39.52%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. The Goldman Sachs Group upgraded shares of 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. UBS Group dropped their target price on shares of 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. Finally, Keefe, Bruyette & Woods dropped 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 report on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $184.10.

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.