NewEdge Advisors LLC Sells 941 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

NewEdge Advisors LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,494 shares of the technology company’s stock after selling 941 shares during the quarter. NewEdge Advisors LLC’s holdings in Jack Henry & Associates were worth $1,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its stake in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after buying an additional 60 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its position in Jack Henry & Associates by 0.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock worth $1,313,000 after acquiring an additional 62 shares during the last quarter. Czech National Bank boosted its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after acquiring an additional 65 shares during the period. Advisor OS LLC grew its position in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on JKHY shares. Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $181.00 target price on shares of Jack Henry & Associates in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $180.00.

Jack Henry & Associates Trading Down 0.8 %

Shares of JKHY stock opened at $182.14 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $184.82. The stock’s fifty day moving average price is $171.45 and its two-hundred day moving average price is $168.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $13.28 billion, a PE ratio of 35.16, a P/E/G ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to analysts’ expectations 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 previous year, the business posted $1.34 earnings per share. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s payout ratio is 42.47%.

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.