Mercer Global Advisors Inc. ADV Decreases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mercer Global Advisors Inc. ADV cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,600 shares of the technology company’s stock after selling 282 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Jack Henry & Associates were worth $3,586,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $11,319,000. UBS Group AG increased its stake in Jack Henry & Associates by 23.7% during the fourth quarter. UBS Group AG now owns 188,142 shares of the technology company’s stock worth $30,744,000 after acquiring an additional 36,032 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $209,000. Corient Private Wealth LLC lifted its stake in shares of Jack Henry & Associates by 2.3% in the 4th quarter. Corient Private Wealth LLC now owns 12,410 shares of the technology company’s stock valued at $2,028,000 after purchasing an additional 276 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Jack Henry & Associates by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 7,485 shares of the technology company’s stock worth $1,223,000 after purchasing an additional 332 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 1.1 %

Shares of JKHY opened at $173.59 on Monday. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The stock’s 50-day moving average price is $169.70 and its 200-day moving average price is $167.78. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several recent analyst reports. Evercore ISI lifted their price objective 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. Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Finally, Compass Point began coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $176.55.

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.