Wedge Capital Management L L P NC Sells 118 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wedge Capital Management L L P NC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating) by 4.0% in the second quarter, HoldingsChannel reports. The firm owned 2,855 shares of the technology company’s stock after selling 118 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Jack Henry & Associates were worth $514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bivin & Associates Inc. bought a new position in Jack Henry & Associates during the 4th quarter valued at approximately $28,000. Concord Wealth Partners raised its position in Jack Henry & Associates by 2,250.0% during the 1st quarter. Concord Wealth Partners now owns 141 shares of the technology company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Quent Capital LLC bought a new position in Jack Henry & Associates during the 4th quarter valued at approximately $37,000. Oliver Lagore Vanvalin Investment Group bought a new position in Jack Henry & Associates during the 1st quarter valued at approximately $44,000. Finally, Tcwp LLC bought a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $45,000. Institutional investors own 90.80% of the company’s stock.

Jack Henry & Associates Stock Down 1.9 %

JKHY stock opened at $189.56 on Wednesday. Jack Henry & Associates, Inc. has a twelve month low of $147.50 and a twelve month high of $212.62. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.82 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 4.36 and a beta of 0.65. The business has a 50 day moving average of $199.44 and a 200 day moving average of $191.31.

Jack Henry & Associates (NASDAQ:JKHYGet Rating) last posted its quarterly earnings data on Tuesday, August 16th. The technology company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.68%. The company had revenue of $482.67 million during the quarter, compared to analyst estimates of $480.30 million. During the same quarter last year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 4.92 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 9th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, September 8th. This represents a $1.96 annualized dividend and a yield of 1.03%. Jack Henry & Associates’s dividend payout ratio is 39.68%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JKHY shares. Credit Suisse Group increased their target price on Jack Henry & Associates from $175.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, August 18th. Evercore ISI increased their target price on Jack Henry & Associates to $175.00 in a research report on Tuesday, August 23rd. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday, August 25th. Morgan Stanley decreased their target price on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating for the company in a research report on Thursday, August 18th. Finally, Royal Bank of Canada increased their target price on Jack Henry & Associates from $190.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 18th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $184.00.

About Jack Henry & Associates

(Get Rating)

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Further Reading

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHYGet Rating).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.