Court Place Advisors LLC Lowers Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Court Place Advisors LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,070 shares of the technology company’s stock after selling 637 shares during the quarter. Jack Henry & Associates accounts for about 3.8% of Court Place Advisors LLC’s investment portfolio, making the stock its 5th largest position. Court Place Advisors LLC owned approximately 0.10% of Jack Henry & Associates worth $13,076,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its stake in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares during the last quarter. Raymond James Trust N.A. lifted its position in Jack Henry & Associates by 1.3% during the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after purchasing an additional 60 shares in the last quarter. Taylor Frigon Capital Management LLC grew its holdings in Jack Henry & Associates by 0.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares during the period. Advisor OS LLC increased its position in Jack Henry & Associates by 1.0% in the second 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 in the last quarter. Finally, UMB Bank n.a. increased its position in Jack Henry & Associates by 0.6% in the third 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 in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $0.81 during midday trading on Friday, hitting $185.40. 9,941 shares of the company traded hands, compared to its average volume of 437,068. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $186.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average of $176.09 and a 200-day moving average of $169.47. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 3.35 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The company had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same period in the prior year, the company earned $1.34 earnings per share. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Finally, Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.11.

About Jack Henry & Associates

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.