Wedge Capital Management L L P NC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get 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 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
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.
- Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
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