Monument Capital Management reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 4.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,583 shares of the technology company's stock after selling 519 shares during the period. Jack Henry & Associates makes up 0.9% of Monument Capital Management's investment portfolio, making the stock its 26th biggest position. Monument Capital Management's holdings in Jack Henry & Associates were worth $2,265,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in shares of Jack Henry & Associates by 0.8% during the first quarter. Xponance Inc. now owns 6,808 shares of the technology company's stock valued at $1,342,000 after acquiring an additional 52 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Jack Henry & Associates by 2.3% during the first quarter. Bridgewater Advisors Inc. now owns 2,447 shares of the technology company's stock valued at $482,000 after buying an additional 54 shares during the period. Johnson Financial Group Inc. increased its position in shares of Jack Henry & Associates by 1.6% during the fourth quarter. Johnson Financial Group Inc. now owns 3,749 shares of the technology company's stock valued at $626,000 after buying an additional 59 shares during the period. Raymond James Trust N.A. increased its position in shares of Jack Henry & Associates by 1.8% during the second quarter. Raymond James Trust N.A. now owns 3,526 shares of the technology company's stock valued at $635,000 after buying an additional 61 shares during the period. Finally, LVW Advisors LLC increased its position in shares of Jack Henry & Associates by 2.4% during the first quarter. LVW Advisors LLC now owns 2,620 shares of the technology company's stock valued at $516,000 after buying an additional 62 shares during the period. 90.80% of the stock is owned by institutional investors.
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Shares of Jack Henry & Associates stock opened at $183.04 on Friday. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 4.17 and a beta of 0.65. The company's 50 day moving average is $198.52 and its 200 day moving average is $191.45. Jack Henry & Associates, Inc. has a twelve month low of $147.50 and a twelve month high of $212.62. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.08.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last issued its quarterly earnings data on Tuesday, August 16th. The technology company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.10. The company had revenue of $482.67 million for the quarter, compared to the consensus estimate of $480.30 million. Jack Henry & Associates had a net margin of 18.68% and a return on equity of 26.99%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Research analysts anticipate that Jack Henry & Associates, Inc. will post 4.92 EPS for the current year.Jack Henry & Associates Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 9th were given a $0.49 dividend. The ex-dividend date was Thursday, September 8th. This represents a $1.96 annualized dividend and a yield of 1.07%. Jack Henry & Associates's payout ratio is presently 39.68%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on JKHY shares. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Thursday, August 25th. Credit Suisse Group upped their price objective on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the stock a "neutral" rating in a report on Thursday, August 18th. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $190.00 to $199.00 and gave the stock a "sector perform" rating in a report on Thursday, August 18th. DA Davidson cut 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. Finally, Evercore ISI upped their target price on shares of Jack Henry & Associates to $175.00 in a research note on Tuesday, August 23rd. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $184.00.
About Jack Henry & Associates
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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.
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