New Century Financial Group LLC Has $289,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New Century Financial Group LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,665 shares of the technology company’s stock after purchasing an additional 188 shares during the quarter. New Century Financial Group LLC’s holdings in Jack Henry & Associates were worth $289,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of JKHY. First Trust Direct Indexing L.P. grew its holdings in Jack Henry & Associates by 5.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 4,423 shares of the technology company’s stock worth $768,000 after acquiring an additional 230 shares during the period. Taylor Frigon Capital Management LLC boosted its position in shares of Jack Henry & Associates by 0.8% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares in the last quarter. Norden Group LLC acquired a new stake in Jack Henry & Associates during the first quarter worth approximately $1,411,000. Allspring Global Investments Holdings LLC increased its holdings in Jack Henry & Associates by 4.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 373,412 shares of the technology company’s stock worth $64,873,000 after purchasing an additional 16,593 shares in the last quarter. Finally, Thrive Wealth Management LLC lifted its stake in Jack Henry & Associates by 17.3% in the first quarter. Thrive Wealth Management LLC now owns 1,469 shares of the technology company’s stock valued at $255,000 after buying an additional 217 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.1 %

NASDAQ JKHY opened at $163.65 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $165.09 and a 200 day simple moving average of $167.70. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The firm has a market capitalization of $11.93 billion, a P/E ratio of 31.59, a PEG ratio of 3.85 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS 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 company had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s payout ratio is presently 42.47%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JKHY shares. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Wolfe Research initiated coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating for the company. Evercore ISI boosted their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $174.67.

About Jack Henry & Associates

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.