Park Avenue Securities LLC Reduces Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Park Avenue Securities LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,294 shares of the technology company’s stock after selling 1,166 shares during the period. Park Avenue Securities LLC’s holdings in Jack Henry & Associates were worth $746,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of JKHY. Czech National Bank boosted its holdings in Jack Henry & Associates by 0.5% during the 1st quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 65 shares during the period. Kestra Private Wealth Services LLC grew its holdings in shares of 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 during the last quarter. Cardinal Capital Management grew its holdings in shares of Jack Henry & Associates by 0.7% in the fourth quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock worth $2,186,000 after purchasing an additional 89 shares during the last quarter. ICW Investment Advisors LLC increased its stake in 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 worth $1,060,000 after buying an additional 105 shares during the period. Finally, Legacy Financial Advisors Inc. lifted its holdings in Jack Henry & Associates by 2.9% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock valued at $630,000 after buying an additional 109 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on JKHY. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Wolfe Research began coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. Evercore ISI increased their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $174.67.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $166.72 on Friday. The firm’s fifty day simple moving average is $165.24 and its two-hundred day simple moving average is $167.76. The firm has a market capitalization of $12.15 billion, a P/E ratio of 32.19, a P/E/G ratio of 4.30 and a beta of 0.62. 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, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results 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 firm had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Jack Henry & Associates 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.