AdvisorNet Financial Inc Has $164,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AdvisorNet Financial Inc lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 25.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 912 shares of the technology company’s stock after selling 309 shares during the quarter. AdvisorNet Financial Inc’s holdings in Jack Henry & Associates were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc increased its position in Jack Henry & Associates by 11.9% during the 4th quarter. abrdn plc now owns 27,671 shares of the technology company’s stock valued at $4,621,000 after purchasing an additional 2,941 shares during the period. Allianz Asset Management GmbH increased its position in Jack Henry & Associates by 580.7% during the 4th quarter. Allianz Asset Management GmbH now owns 10,592 shares of the technology company’s stock valued at $1,769,000 after purchasing an additional 9,036 shares during the period. Ensign Peak Advisors Inc increased its position in Jack Henry & Associates by 64.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 24,515 shares of the technology company’s stock valued at $4,093,000 after purchasing an additional 9,609 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jack Henry & Associates by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,607 shares of the technology company’s stock valued at $87,271,000 after purchasing an additional 13,645 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $12,578,000. Institutional investors and hedge funds own 90.80% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $189.56 on Wednesday. The company has a fifty day simple moving average of $199.44 and a 200 day simple moving average of $191.31. Jack Henry & Associates, Inc. has a 12-month low of $147.50 and a 12-month high of $212.62. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The company has a market cap of $13.82 billion, a P/E ratio of 38.37, a PEG ratio of 4.32 and a beta of 0.65.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 9th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, September 8th. Jack Henry & Associates’s payout ratio is currently 39.68%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Jack Henry & Associates to $175.00 in a research report on Tuesday, August 23rd. Morgan Stanley cut their price target on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating on the stock in a report on Thursday, August 18th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 25th. Credit Suisse Group increased their price target on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Finally, DA Davidson cut Jack Henry & Associates from a “buy” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Thursday, August 18th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $184.00.

About Jack Henry & Associates

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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.

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

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