Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,514 shares of the technology company’s stock after purchasing an additional 102 shares during the period. Kesler Norman & Wride LLC’s holdings in Jack Henry & Associates were worth $5,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Century Financial Group LLC increased its position in shares of Jack Henry & Associates by 12.7% during the first quarter. New Century Financial Group LLC now owns 1,665 shares of the technology company’s stock valued at $289,000 after acquiring an additional 188 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Jack Henry & Associates by 5.5% during the first quarter. First Trust Direct Indexing L.P. now owns 4,423 shares of the technology company’s stock valued at $768,000 after acquiring an additional 230 shares during the last quarter. Taylor Frigon Capital Management LLC increased its position in shares of 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 valued at $1,313,000 after acquiring an additional 62 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Jack Henry & Associates during the first quarter valued at about $1,411,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Jack Henry & Associates by 4.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 373,412 shares of the technology company’s stock valued at $64,873,000 after acquiring an additional 16,593 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Evercore ISI raised their price objective 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. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $174.67.

Jack Henry & Associates Stock Down 0.1 %

Jack Henry & Associates stock traded down $0.11 during trading on Thursday, reaching $163.65. The stock had a trading volume of 272,236 shares, compared to its average volume of 485,744. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The business has a 50 day moving average price of $165.09 and a 200 day moving average price of $167.70. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a market cap of $11.93 billion, a PE ratio of 31.59, a P/E/G ratio of 3.85 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The business had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.19 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. Jack Henry & Associates’s dividend 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.