B. Riley Wealth Advisors Inc. Has $1 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

B. Riley Wealth Advisors Inc. trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 27.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,120 shares of the technology company’s stock after selling 2,337 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Jack Henry & Associates were worth $1,000,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of JKHY. Kestra Private Wealth Services LLC boosted its holdings in Jack Henry & Associates by 3.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock worth $455,000 after purchasing an additional 80 shares in the last quarter. Cardinal Capital Management raised its stake in shares of Jack Henry & Associates by 0.7% in the 4th quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock valued at $2,186,000 after acquiring an additional 89 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Jack Henry & Associates by 1.6% in the 4th quarter. ICW Investment Advisors LLC now owns 6,486 shares of the technology company’s stock valued at $1,060,000 after acquiring an additional 105 shares in the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Jack Henry & Associates by 2.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock valued at $630,000 after acquiring an additional 109 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Jack Henry & Associates by 0.8% in the 4th quarter. Stephens Inc. AR now owns 13,544 shares of the technology company’s stock valued at $2,213,000 after acquiring an additional 109 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $165.88 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a market capitalization of $12.09 billion, a PE ratio of 32.02, a PEG ratio of 4.19 and a beta of 0.62. The business’s 50 day moving average is $165.09 and its 200-day moving average is $167.66. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The company had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Analyst Ratings Changes

JKHY has been the topic of a number of recent analyst reports. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.