Eagle Bay Advisors LLC Has $184,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Eagle Bay Advisors LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,041 shares of the technology company’s stock after selling 59 shares during the period. Eagle Bay Advisors LLC’s holdings in Jack Henry & Associates were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JKHY. AdvisorNet Financial Inc increased its holdings in Jack Henry & Associates by 14.4% during the first quarter. AdvisorNet Financial Inc now owns 732 shares of the technology company’s stock worth $127,000 after buying an additional 92 shares during the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Jack Henry & Associates by 36.3% in the first quarter. Gateway Investment Advisers LLC now owns 2,046 shares of the technology company’s stock valued at $355,000 after purchasing an additional 545 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Jack Henry & Associates in the first quarter valued at $51,000. Janiczek Wealth Management LLC increased its holdings in shares of Jack Henry & Associates by 55.4% in the first quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock valued at $83,000 after purchasing an additional 170 shares during the last quarter. Finally, Cardinal Capital Management increased its holdings in shares of Jack Henry & Associates by 15.8% in the first quarter. Cardinal Capital Management now owns 15,490 shares of the technology company’s stock valued at $2,691,000 after purchasing an additional 2,110 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on JKHY. Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a report on Friday, September 6th. Evercore ISI upped their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, August 22nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $187.11.

Jack Henry & Associates Price Performance

JKHY traded down $0.04 on Wednesday, hitting $183.24. 62,322 shares of the stock were exchanged, compared to its average volume of 436,240. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $186.93. The business has a 50-day moving average of $175.30 and a two-hundred day moving average of $169.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 3.35 and a beta of 0.64.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a $0.55 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.20%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 42.47%.

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.