Bath Savings Trust Co Reduces Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bath Savings Trust Co trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,845 shares of the technology company’s stock after selling 390 shares during the quarter. Bath Savings Trust Co’s holdings in Jack Henry & Associates were worth $5,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JKHY. KB Financial Partners LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter valued at approximately $52,000. Ronald Blue Trust Inc. lifted its stake in shares of Jack Henry & Associates by 58.3% during the 1st quarter. Ronald Blue Trust Inc. now owns 345 shares of the technology company’s stock valued at $61,000 after buying an additional 127 shares in the last quarter. State of Wyoming lifted its stake in shares of Jack Henry & Associates by 6,800.0% during the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock valued at $61,000 after buying an additional 340 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Jack Henry & Associates by 84.8% during the 1st quarter. Global Retirement Partners LLC now owns 377 shares of the technology company’s stock valued at $60,000 after buying an additional 173 shares in the last quarter. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Jack Henry & Associates during the 1st quarter valued at approximately $58,000. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JKHY shares. The Goldman Sachs Group started coverage on shares of Jack Henry & Associates in a report on Wednesday, July 12th. They set a “neutral” rating and a $173.00 target price on the stock. Northcoast Research raised shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Monday. Bank of America decreased their target price on shares of Jack Henry & Associates from $173.00 to $167.00 and set a “neutral” rating on the stock in a report on Thursday, August 17th. DA Davidson decreased their target price on shares of Jack Henry & Associates from $180.00 to $174.00 in a report on Thursday, August 17th. Finally, TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b” rating in a report on Tuesday, August 15th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $174.00.

Jack Henry & Associates Trading Up 1.1 %

Shares of JKHY stock traded up $1.72 during mid-day trading on Monday, reaching $156.21. The stock had a trading volume of 191,130 shares, compared to its average volume of 613,122. The stock’s 50-day moving average price is $163.18 and its two-hundred day moving average price is $158.17. Jack Henry & Associates, Inc. has a 52-week low of $139.28 and a 52-week high of $202.66. The firm has a market capitalization of $11.39 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.64. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.17.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, August 16th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.15. Jack Henry & Associates had a net margin of 17.65% and a return on equity of 23.97%. The firm had revenue of $534.63 million for the quarter, compared to analysts’ expectations of $512.78 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Equities analysts expect that Jack Henry & Associates, Inc. will post 4.97 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 7th. Jack Henry & Associates’s payout ratio is 41.43%.

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.