Neuberger Berman Group LLC Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Neuberger Berman Group LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 999,344 shares of the technology company’s stock after selling 20,045 shares during the quarter. Neuberger Berman Group LLC owned about 1.37% of Jack Henry & Associates worth $196,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. National Asset Management Inc. raised its position in shares of Jack Henry & Associates by 134.7% in the 1st quarter. National Asset Management Inc. now owns 4,152 shares of the technology company’s stock valued at $819,000 after purchasing an additional 2,383 shares in the last quarter. Tcwp LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at approximately $45,000. Johnson Investment Counsel Inc. acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at approximately $1,437,000. JustInvest LLC raised its position in shares of Jack Henry & Associates by 43.2% in the 4th quarter. JustInvest LLC now owns 7,929 shares of the technology company’s stock valued at $1,324,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.80% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of several research reports. Morgan Stanley dropped their price target on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 18th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Evercore ISI upped their price target on Jack Henry & Associates to $175.00 in a research report on Tuesday, August 23rd. DA Davidson lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Thursday, August 18th. Finally, Royal Bank of Canada upped their price target on Jack Henry & Associates from $190.00 to $199.00 and gave the company a “sector perform” rating in a research report on Thursday, August 18th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $184.00.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $192.86 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $147.50 and a 1-year high of $212.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13. The business’s fifty day moving average price is $199.08 and its two-hundred day moving average price is $191.05. The firm has a market capitalization of $14.06 billion, a PE ratio of 39.04, a P/E/G ratio of 4.38 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last released its quarterly earnings results on Tuesday, August 16th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. The company had revenue of $482.67 million during the quarter, compared to analysts’ expectations of $480.30 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 4.92 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 9th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.96 annualized dividend and a dividend yield of 1.02%. Jack Henry & Associates’s payout ratio is 39.68%.

About Jack Henry & Associates

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Read More

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.