Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,510 shares of the technology company’s stock after selling 3,920 shares during the period. State of Alaska Department of Revenue’s holdings in Jack Henry & Associates were worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in JKHY. Allspring Global Investments Holdings LLC grew its position in shares of Jack Henry & Associates by 4.7% during the 1st 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 period. Thrive Wealth Management LLC raised its holdings in Jack Henry & Associates by 17.3% in the 1st quarter. Thrive Wealth Management LLC now owns 1,469 shares of the technology company’s stock valued at $255,000 after acquiring an additional 217 shares during the last quarter. Cardinal Capital Management lifted its position in Jack Henry & Associates by 15.8% during the first quarter. Cardinal Capital Management now owns 15,490 shares of the technology company’s stock worth $2,691,000 after buying an additional 2,110 shares in the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Jack Henry & Associates by 55.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock valued at $83,000 after acquiring an additional 170 shares during the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at about $51,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on JKHY shares. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Evercore ISI lifted 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 report on Tuesday, June 25th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $174.67.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $163.65 on Thursday. The company’s 50 day moving average is $165.13 and its two-hundred day moving average is $167.73. The firm has a market cap of $11.93 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.85 and a beta of 0.63. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. 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 announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The business had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. During the same period last year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, May 24th. 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.