Amalgamated Bank Trims Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amalgamated Bank lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,304 shares of the technology company’s stock after selling 518 shares during the quarter. Amalgamated Bank’s holdings in Jack Henry & Associates were worth $2,525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC raised its stake in shares of Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after acquiring an additional 54 shares during the period. Raymond James Trust N.A. increased its stake in Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after buying an additional 60 shares during the period. Advisor OS LLC increased its stake in Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after buying an additional 65 shares during the period. UMB Bank n.a. increased its stake in Jack Henry & Associates by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after buying an additional 66 shares during the period. Finally, Taylor Frigon Capital Management LLC increased its stake in Jack Henry & Associates by 0.9% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 7,629 shares of the technology company’s stock worth $1,267,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JKHY. Royal Bank of Canada raised their price target 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. Robert W. Baird raised their price target 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. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $188.73.

Jack Henry & Associates Stock Down 0.1 %

NASDAQ:JKHY opened at $179.77 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $189.63. The stock has a market capitalization of $13.11 billion, a P/E ratio of 32.92, a P/E/G ratio of 3.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 0.51. The company’s 50-day simple moving average is $179.26 and its 200-day simple moving average is $170.68.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business earned $1.39 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

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.