First Trust Direct Indexing L.P. Sells 186 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

First Trust Direct Indexing L.P. trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 4,822 shares of the technology company’s stock after selling 186 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Jack Henry & Associates were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates in the 2nd quarter valued at $25,000. Tortoise Investment Management LLC raised its holdings in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates in the 1st quarter valued at $30,000. Blue Trust Inc. raised its holdings in Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Jack Henry & Associates in the 2nd quarter valued at $63,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 0.6 %

NASDAQ JKHY opened at $183.06 on Friday. The business’s 50-day moving average price is $178.24 and its two-hundred day moving average price is $170.01. Jack Henry & Associates, Inc. has a 12 month low of $141.32 and a 12 month high of $186.93. The firm has a market capitalization of $13.35 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. During the same quarter in the prior year, the company earned $1.34 EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.82 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. Jack Henry & Associates’s payout ratio is 42.15%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JKHY. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Company 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.