Cambridge Investment Research Advisors Inc. Has $1.17 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cambridge Investment Research Advisors Inc. trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.0% during the first quarter, HoldingsChannel reports. The fund owned 6,421 shares of the technology company’s stock after selling 340 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Jack Henry & Associates were worth $1,172,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atala Financial Inc bought a new position in Jack Henry & Associates during the 4th quarter worth about $40,000. Cary Street Partners Financial LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter worth about $54,000. Tortoise Investment Management LLC raised its position in Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after buying an additional 143 shares during the last quarter. Menard Financial Group LLC bought a new stake in Jack Henry & Associates in the 4th quarter valued at approximately $60,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Jack Henry & Associates by 603.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company’s stock worth $64,000 after acquiring an additional 314 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of analyst reports. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. UBS Group decreased their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $181.41 on Friday. The stock has a market cap of $13.21 billion, a PE ratio of 30.90, a P/E/G ratio of 2.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50-day moving average of $179.50 and a 200-day moving average of $176.04. Jack Henry & Associates, Inc. has a 52-week low of $158.62 and a 52-week high of $196.00.

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, beating analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.52%.

Jack Henry & Associates Company 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.