Ritholtz Wealth Management Buys 768 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ritholtz Wealth Management grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,391 shares of the technology company’s stock after acquiring an additional 768 shares during the period. Ritholtz Wealth Management’s holdings in Jack Henry & Associates were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Jack Henry & Associates by 8.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,824 shares of the technology company’s stock valued at $1,976,000 after purchasing an additional 860 shares in the last quarter. Marshall Financial Group LLC boosted its position in Jack Henry & Associates by 5.2% in the 1st quarter. Marshall Financial Group LLC now owns 6,344 shares of the technology company’s stock valued at $1,158,000 after buying an additional 315 shares during the last quarter. Fifth Third Bancorp boosted its position in Jack Henry & Associates by 26.4% in the 1st quarter. Fifth Third Bancorp now owns 1,684 shares of the technology company’s stock valued at $307,000 after buying an additional 352 shares during the last quarter. CX Institutional acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $217,000. Finally, Handelsbanken Fonder AB raised its position in shares of Jack Henry & Associates by 8.9% during the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company’s stock worth $183,970,000 after acquiring an additional 82,100 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.6%

JKHY opened at $181.39 on Thursday. The firm’s fifty day moving average is $177.58 and its two-hundred day moving average is $175.75. The firm has a market cap of $13.21 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.73. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter last year, the business posted $1.19 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates’s payout ratio is 39.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group decreased their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $184.10.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.