Dearborn Partners LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Dearborn Partners LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,145 shares of the technology company's stock after selling 3,120 shares during the period. Dearborn Partners LLC owned about 0.18% of Jack Henry & Associates worth $23,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Strategic Financial Concepts LLC purchased a new position in shares of Jack Henry & Associates during the second quarter worth about $25,000. Tortoise Investment Management LLC boosted its stake in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock valued at $27,000 after purchasing an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Jack Henry & Associates during the 1st quarter valued at $30,000. Blue Trust Inc. grew its holdings in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock valued at $39,000 after purchasing an additional 134 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates during the 3rd quarter valued at approximately $48,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.1 %

Shares of NASDAQ:JKHY traded up $0.24 during trading on Friday, hitting $172.69. 370,472 shares of the company's stock were exchanged, compared to its average volume of 448,688. Jack Henry & Associates, Inc. has a 1-year low of $151.05 and a 1-year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.60 billion, a P/E ratio of 31.58, a PEG ratio of 3.29 and a beta of 0.63. The firm has a 50-day moving average price of $179.40 and a two-hundred day moving average price of $170.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. During the same period in the previous year, the company posted $1.39 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is 40.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on JKHY shares. StockNews.com raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. William Blair downgraded shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Stephens reissued an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $188.73.

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.