BI Asset Management Fondsmaeglerselskab A S Sells 183 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,564 shares of the technology company’s stock after selling 183 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Jack Henry & Associates were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of JKHY. Planned Solutions Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. VisionPoint Advisory Group LLC acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $44,000. Riverview Trust Co bought a new stake in shares of Jack Henry & Associates during the first quarter worth $51,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth $79,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JKHY. DA Davidson reiterated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Evercore ISI raised their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Up 2.0 %

Shares of JKHY opened at $164.14 on Friday. The firm has a market cap of $11.97 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 3.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The firm’s 50-day simple moving average is $165.02 and its 200 day simple moving average is $167.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million for the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s payout ratio is 42.47%.

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.