Cwm LLC Has $270,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cwm LLC cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,655 shares of the technology company’s stock after selling 290 shares during the period. Cwm LLC’s holdings in Jack Henry & Associates were worth $270,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JKHY. Commonwealth Equity Services LLC boosted its holdings in Jack Henry & Associates by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock valued at $1,296,000 after purchasing an additional 249 shares during the period. Xponance Inc. lifted its holdings in shares of Jack Henry & Associates by 3.1% during the 3rd quarter. Xponance Inc. now owns 12,529 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 374 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Jack Henry & Associates by 0.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock worth $6,273,000 after acquiring an additional 127 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in shares of Jack Henry & Associates by 10.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 15,685 shares of the technology company’s stock worth $2,371,000 after acquiring an additional 1,440 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of Jack Henry & Associates by 28.2% during the 3rd quarter. Brown Advisory Inc. now owns 42,207 shares of the technology company’s stock worth $6,379,000 after acquiring an additional 9,273 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating for the company. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Robert W. Baird upped their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $174.42.

Jack Henry & Associates Stock Up 1.0 %

Shares of NASDAQ JKHY opened at $164.18 on Friday. The firm has a market cap of $11.96 billion, a PE ratio of 32.13, a P/E/G ratio of 3.80 and a beta of 0.66. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company’s fifty day simple moving average is $169.52 and its 200 day simple moving average is $163.72. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. Jack Henry & Associates’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

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.