CoreCap Advisors LLC Trims Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CoreCap Advisors LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,187 shares of the technology company’s stock after selling 83 shares during the quarter. CoreCap Advisors LLC’s holdings in Jack Henry & Associates were worth $734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. Franklin Resources Inc. lifted its holdings in Jack Henry & Associates by 5.6% in the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock valued at $1,655,000 after acquiring an additional 475 shares during the last quarter. Principal Financial Group Inc. grew its position in Jack Henry & Associates by 21.1% in the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock worth $60,281,000 after acquiring an additional 59,450 shares during the period. JPMorgan Chase & Co. increased its stake in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.9 %

Shares of NASDAQ JKHY opened at $180.96 on Friday. The stock has a market cap of $13.19 billion, a P/E ratio of 32.66, a PEG ratio of 3.36 and a beta of 0.75. The business’s fifty day simple moving average is $175.19 and its 200-day simple moving average is $175.10. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the company earned $1.19 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JKHY. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group lowered their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods reduced their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.10.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.