Brown Advisory Inc. Trims Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Brown Advisory Inc. lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 5.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,554 shares of the technology company’s stock after selling 93 shares during the period. Brown Advisory Inc.’s holdings in Jack Henry & Associates were worth $284,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of JKHY. Tandem Investment Advisors Inc. grew its position in shares of Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock valued at $118,550,000 after purchasing an additional 82,414 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock worth $974,000 after purchasing an additional 4,821 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Jack Henry & Associates by 169.0% during the first quarter. SG Americas Securities LLC now owns 3,349 shares of the technology company’s stock worth $612,000 after acquiring an additional 2,104 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Jack Henry & Associates by 11.4% during the first quarter. Asset Management One Co. Ltd. now owns 31,725 shares of the technology company’s stock worth $5,793,000 after acquiring an additional 3,237 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in Jack Henry & Associates by 22.7% during the first quarter. OneDigital Investment Advisors LLC now owns 2,481 shares of the technology company’s stock valued at $453,000 after buying an additional 459 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” 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 price target for the company in a research report on Wednesday, April 2nd. Wall Street Zen raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, UBS Group decreased their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $185.11.

Read Our Latest Research Report on Jack Henry & Associates

Jack Henry & Associates Stock Up 1.4%

Jack Henry & Associates stock opened at $177.50 on Thursday. The stock’s fifty day moving average is $180.36 and its two-hundred day moving average is $176.12. The stock has a market cap of $12.93 billion, a PE ratio of 30.24 and a beta of 0.72. Jack Henry & Associates, Inc. has a 1-year low of $160.23 and a 1-year high of $196.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (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 during the quarter, compared to analysts’ expectations of $585.84 million. During the same period in the prior year, the firm posted $1.19 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.52%.

Jack Henry & Associates Company Profile

(Free Report)

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.

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

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