FCF Advisors LLC Has $1.56 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

FCF Advisors LLC cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,988 shares of the technology company’s stock after selling 2,045 shares during the quarter. FCF Advisors LLC’s holdings in Jack Henry & Associates were worth $1,561,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JKHY. Czech National Bank boosted its holdings in shares of Jack Henry & Associates by 0.5% during the 1st quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after buying an additional 65 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Jack Henry & Associates by 3.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock valued at $455,000 after purchasing an additional 80 shares in the last quarter. Cardinal Capital Management raised its holdings in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock valued at $2,186,000 after purchasing an additional 89 shares during the period. ICW Investment Advisors LLC grew its stake in shares of Jack Henry & Associates by 1.6% in the 4th quarter. ICW Investment Advisors LLC now owns 6,486 shares of the technology company’s stock valued at $1,060,000 after buying an additional 105 shares during the period. Finally, Legacy Financial Advisors Inc. increased its position in Jack Henry & Associates by 2.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock valued at $630,000 after buying an additional 109 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $1.20 during mid-day trading on Monday, reaching $167.94. 43,159 shares of the company’s stock were exchanged, compared to its average volume of 433,319. The firm has a 50-day moving average price of $165.07 and a two-hundred day moving average price of $167.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $12.24 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 4.28 and a beta of 0.62. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37.

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

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.31%. Jack Henry & Associates’s payout ratio is presently 42.47%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.42.

About Jack Henry & Associates

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.