Atwood & Palmer Inc. decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,131 shares of the technology company's stock after selling 2,550 shares during the period. Atwood & Palmer Inc. owned approximately 0.06% of Jack Henry & Associates worth $7,404,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. APG Asset Management N.V. lifted its position in Jack Henry & Associates by 160.9% in the 1st quarter. APG Asset Management N.V. now owns 4,422,791 shares of the technology company's stock valued at $783,275,000 after acquiring an additional 2,727,700 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Jack Henry & Associates by 77.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,040,077 shares of the technology company's stock valued at $204,945,000 after acquiring an additional 454,724 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Jack Henry & Associates by 215.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 642,639 shares of the technology company's stock valued at $126,632,000 after acquiring an additional 439,114 shares in the last quarter. Scout Investments Inc. bought a new stake in Jack Henry & Associates during the 1st quarter worth about $53,900,000. Finally, Walker Asset Management LLC bought a new stake in Jack Henry & Associates during the 1st quarter worth about $48,884,000. Institutional investors and hedge funds own 90.80% of the company's stock.
Get Jack Henry & Associates alerts:Jack Henry & Associates Stock Down 0.4 %
Shares of JKHY opened at $182.27 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $147.50 and a 52 week high of $212.62. The firm has a market cap of $13.29 billion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.65. The firm's 50-day simple moving average is $198.17 and its 200 day simple moving average is $191.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.13.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last announced its earnings results on Tuesday, August 16th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.10. Jack Henry & Associates had a net margin of 18.68% and a return on equity of 26.99%. The firm had revenue of $482.67 million for the quarter, compared to analyst estimates of $480.30 million. During the same quarter in the prior year, the business posted $1.04 EPS. The business's revenue was up 7.2% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates, Inc. will post 4.92 earnings per share for the current year.Jack Henry & Associates Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Friday, September 9th were given 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 1.08%. Jack Henry & Associates's payout ratio is presently 39.68%.
Analysts Set New Price Targets
JKHY has been the topic of several analyst reports. Evercore ISI boosted their price target on shares of Jack Henry & Associates to $175.00 in a research report on Tuesday, August 23rd. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Thursday, August 25th. DA Davidson lowered 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 research note on Thursday, August 18th. Credit Suisse Group boosted their price objective on shares of Jack Henry & Associates from $175.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, August 18th. Finally, Morgan Stanley lowered their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 18th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $184.00.
Jack Henry & Associates 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.
Further Reading
- Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Declining Profits Challenge the CarMax Value Proposition
- How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
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.