Amalgamated Bank Cuts Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amalgamated Bank trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,813 shares of the technology company’s stock after selling 328 shares during the period. Amalgamated Bank’s holdings in Jack Henry & Associates were worth $3,891,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Natixis Advisors L.P. boosted its holdings in Jack Henry & Associates by 4.8% in the fourth quarter. Natixis Advisors L.P. now owns 95,911 shares of the technology company’s stock worth $15,672,000 after acquiring an additional 4,374 shares in the last quarter. First Horizon Advisors Inc. grew its position in Jack Henry & Associates by 52.1% during the 4th quarter. First Horizon Advisors Inc. now owns 619 shares of the technology company’s stock valued at $101,000 after purchasing an additional 212 shares during the last quarter. Silver Lake Advisory LLC increased its stake in Jack Henry & Associates by 15.1% during the 4th quarter. Silver Lake Advisory LLC now owns 29,789 shares of the technology company’s stock valued at $4,868,000 after purchasing an additional 3,910 shares in the last quarter. Heritage Wealth Management LLC purchased a new position in Jack Henry & Associates in the fourth quarter worth about $406,000. Finally, New York Life Investment Management LLC lifted its stake in shares of Jack Henry & Associates by 2.5% in the fourth quarter. New York Life Investment Management LLC now owns 18,583 shares of the technology company’s stock worth $3,037,000 after buying an additional 448 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

JKHY has been the subject of several analyst reports. Citigroup started coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Evercore ISI boosted their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Finally, Wolfe Research started coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Stock Down 0.0 %

Shares of JKHY stock opened at $165.59 on Thursday. The company has a 50 day simple moving average of $168.98 and a two-hundred day simple moving average of $164.25. The stock has a market cap of $12.07 billion, a P/E ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.66. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company 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 EPS. Jack Henry & Associates’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 5.12 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were given a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is presently 43.05%.

Jack Henry & Associates 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.