EULAV Asset Management lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 11.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 66,708 shares of the technology company's stock after selling 8,300 shares during the quarter. EULAV Asset Management's holdings in Jack Henry & Associates were worth $12,009,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its stake in Jack Henry & Associates by 2.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 13,349 shares of the technology company's stock valued at $2,403,000 after purchasing an additional 365 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at about $893,000. Bank Julius Baer & Co. Ltd Zurich raised its stake in Jack Henry & Associates by 0.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 378,906 shares of the technology company's stock worth $68,211,000 after buying an additional 1,976 shares in the last quarter. LVW Advisors LLC grew its holdings in shares of Jack Henry & Associates by 9.1% during the second quarter. LVW Advisors LLC now owns 2,858 shares of the technology company's stock valued at $514,000 after buying an additional 238 shares during the last quarter. Finally, Bogart Wealth LLC purchased a new stake in Jack Henry & Associates in the second quarter worth approximately $261,000. Institutional investors and hedge funds own 90.80% of the company's stock.

Jack Henry & Associates Price Performance

JKHY stock traded up $4.05 during trading hours on Monday, hitting $186.32. 7,032 shares of the stock traded hands, compared to its average volume of 525,335. The stock has a 50-day simple moving average of $198.17 and a 200 day simple moving average of $191.57. The company has a market cap of $13.58 billion, a P/E ratio of 36.90, a P/E/G ratio of 4.11 and a beta of 0.65. Jack Henry & Associates, Inc. has a one year low of $147.50 and a one year high of $212.62. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Friday, September 9th were issued a dividend of $0.49 per share. The ex-dividend date was Thursday, September 8th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.05%. Jack Henry & Associates's payout ratio is presently 39.68%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of recent research reports. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Thursday, August 25th. Credit Suisse Group boosted their target price on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, August 18th. DA Davidson downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a report on Thursday, August 18th. Evercore ISI upped their price objective on shares of Jack Henry & Associates to $175.00 in a research report on Tuesday, August 23rd. Finally, Morgan Stanley reduced their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set an "equal weight" rating for the company in a research report on Thursday, August 18th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $184.00.

Jack Henry & Associates Company Profile

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Featured Stories

• Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
• Near-Term Headwinds Send Nike To The Bargain Basement
• Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
• Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
• Magna International is Your Auto and EV One-Stop Shop Stock
• Is the Bond Market Signaling a Market Bottom?

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating).

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.