Bath Savings Trust Co Sells 980 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bath Savings Trust Co decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,995 shares of the technology company’s stock after selling 980 shares during the period. Bath Savings Trust Co’s holdings in Jack Henry & Associates were worth $4,766,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JKHY. Balyasny Asset Management L.P. raised its position in Jack Henry & Associates by 96.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares during the last quarter. Mackenzie Financial Corp grew its position in Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock worth $83,665,000 after purchasing an additional 171,041 shares during the period. Finally, TD Asset Management Inc raised its stake in Jack Henry & Associates by 25.6% during the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their target price on shares of 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, StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $180.00.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $179.81 on Tuesday. 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, Inc. has a twelve month low of $136.57 and a twelve month high of $184.82. The business has a 50-day moving average price of $171.64 and a 200-day moving average price of $168.19. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. During the same period in the prior year, the company posted $1.34 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. Jack Henry & Associates’s dividend payout ratio is currently 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.