Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 652,840 shares of the technology company’s stock after selling 5,073 shares during the period. Bank of New York Mellon Corp owned 0.90% of Jack Henry & Associates worth $108,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $30,000. Blue Trust Inc. raised its stake in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares during the period. VisionPoint Advisory Group LLC acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $44,000. Riverview Trust Co purchased a new stake in shares of Jack Henry & Associates in the 1st quarter valued at approximately $51,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $171.39 on Wednesday. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. 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 $12.49 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The business’s fifty day moving average price is $166.32 and its 200 day moving average price is $167.74.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. During the same quarter last year, the company earned $1.34 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Analyst Ratings Changes

A number of research firms recently commented on JKHY. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Evercore ISI increased their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.45.

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.