Handelsinvest Investeringsforvaltning Has $325,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Handelsinvest Investeringsforvaltning lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 34.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,872 shares of the technology company’s stock after selling 972 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Jack Henry & Associates were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Czech National Bank boosted its holdings in Jack Henry & Associates by 0.5% in the 1st quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after buying an additional 65 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Jack Henry & Associates by 3.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock worth $455,000 after buying an additional 80 shares during the period. Cardinal Capital Management boosted its holdings in Jack Henry & Associates by 0.7% in the 4th quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock worth $2,186,000 after buying an additional 89 shares during the period. AdvisorNet Financial Inc boosted its holdings in Jack Henry & Associates by 14.4% in the 1st quarter. AdvisorNet Financial Inc now owns 732 shares of the technology company’s stock worth $127,000 after buying an additional 92 shares during the period. Finally, ICW Investment Advisors LLC boosted its holdings 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. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on JKHY shares. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Evercore ISI increased their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $163.65 on Thursday. The firm’s fifty day moving average price is $165.13 and its 200-day moving average price is $167.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $11.93 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.85 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter last year, the company posted $1.12 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) 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.