Jack Henry & Associates, Inc. $JKHY Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,748 shares of the technology company’s stock after selling 7,416 shares during the period. Riverbridge Partners LLC owned approximately 0.07% of Jack Henry & Associates worth $6,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of Jack Henry & Associates by 1,918.2% during the second quarter. Van ECK Associates Corp now owns 1,308,353 shares of the technology company’s stock valued at $180,213,000 after buying an additional 1,243,526 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Jack Henry & Associates by 13,343.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,078,398 shares of the technology company’s stock worth $170,430,000 after acquiring an additional 1,070,376 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jack Henry & Associates by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 752,025 shares of the technology company’s stock worth $118,842,000 after acquiring an additional 86,810 shares during the last quarter. First Trust Advisors LP boosted its holdings in Jack Henry & Associates by 33.8% during the 1st quarter. First Trust Advisors LP now owns 734,298 shares of the technology company’s stock valued at $116,048,000 after acquiring an additional 185,465 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in Jack Henry & Associates by 82.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company’s stock valued at $107,718,000 after acquiring an additional 307,886 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JKHY shares. DA Davidson increased their target price on Jack Henry & Associates from $198.00 to $212.00 and gave the stock a “buy” rating in a research note on Friday. Wolfe Research boosted their target price on shares of Jack Henry & Associates from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada upped their price target on shares of Jack Henry & Associates from $178.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. UBS Group raised their price target on shares of Jack Henry & Associates from $170.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Finally, Raymond James Financial raised their price target on shares of Jack Henry & Associates from $192.00 to $199.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.18.

Jack Henry & Associates Stock Up 2.3%

Shares of NASDAQ JKHY opened at $175.19 on Wednesday. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.08 and a beta of 0.55. The stock has a 50 day moving average price of $157.14 and a 200 day moving average price of $154.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.38.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.07 by $0.21. The company had revenue of $682.18 million for the quarter, compared to the consensus estimate of $685.54 million. Jack Henry & Associates had a return on equity of 24.46% and a net margin of 19.96%. Jack Henry & Associates’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $1.97 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 7.40 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 33.52%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc. is a financial technology company that provides software and services to banks and credit unions. Founded in 1976 and headquartered in Monett, Missouri, the company focuses on helping financial institutions manage operations and serve customers. Its offerings include core banking systems, digital banking platforms, payment processing, lending solutions, and tools for managing fraud, risk, and information security. Jack Henry also provides data, hosting, and related technology services.