Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,704 shares of the technology company’s stock after selling 913 shares during the period. Inspire Investing LLC’s holdings in Jack Henry & Associates were worth $615,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $11,319,000. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Jack Henry & Associates by 81.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,747 shares of the technology company’s stock valued at $449,000 after acquiring an additional 1,229 shares during the period. UBS Group AG grew its position in shares of Jack Henry & Associates by 23.7% during the 4th quarter. UBS Group AG now owns 188,142 shares of the technology company’s stock valued at $30,744,000 after acquiring an additional 36,032 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at about $209,000. Finally, Corient Private Wealth LLC grew its position in shares of Jack Henry & Associates by 2.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,410 shares of the technology company’s stock valued at $2,028,000 after acquiring an additional 276 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Keefe, Bruyette & Woods raised 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 research note on Thursday, August 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a research note on Friday, September 6th. StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Evercore ISI raised their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $176.55.

Jack Henry & Associates Trading Down 1.1 %

JKHY opened at $173.59 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $169.70 and its two-hundred day simple moving average is $167.86. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the previous year, the company earned $1.34 EPS. Analysts expect that Jack Henry & Associates, Inc. will post 5.79 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Jack Henry & Associates Company 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.