Amalgamated Bank Has $3.89 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock worth $565,648,000 after acquiring an additional 46,534 shares in the last quarter. Invesco Ltd. grew its stake in shares of Jack Henry & Associates by 15.3% in the 3rd quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after buying an additional 147,143 shares during the period. Envestnet Asset Management Inc. increased its position in Jack Henry & Associates by 21.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after buying an additional 181,811 shares in the last quarter. Northern Trust Corp raised its stake in Jack Henry & Associates by 3.5% during the 3rd quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock worth $123,744,000 after buying an additional 28,017 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in Jack Henry & Associates by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after acquiring an additional 75,200 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 0.0 %

Shares of Jack Henry & Associates stock opened at $165.59 on Thursday. The stock has a fifty day moving average price of $168.98 and a 200-day moving average price of $164.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $12.07 billion, a PE ratio of 32.41, a P/E/G ratio of 3.84 and a beta of 0.66. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The business had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.12 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JKHY. Wolfe Research started coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. Citigroup assumed coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective on the stock. DA Davidson reiterated a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their price target on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.42.

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.