Zions Bancorporation N.A. Sells 279 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Zions Bancorporation N.A. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 7,403 shares of the technology company’s stock after selling 279 shares during the quarter. Zions Bancorporation N.A.’s holdings in Jack Henry & Associates were worth $1,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after acquiring an additional 39,456 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Jack Henry & Associates by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after buying an additional 24,910 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after buying an additional 171,477 shares during the period. TD Asset Management Inc lifted its position in shares of Jack Henry & Associates by 25.6% during the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Jack Henry & Associates by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 621,225 shares of the technology company’s stock worth $107,925,000 after acquiring an additional 25,914 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.3 %

Shares of JKHY stock opened at $176.07 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. 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 company has a market cap of $12.84 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64. The stock’s fifty day moving average price is $168.54 and its 200 day moving average price is $167.80.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $563.37 million. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.25%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s payout ratio is currently 42.47%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Compass Point assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Keefe, Bruyette & Woods boosted 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 note on Thursday, August 22nd. Evercore ISI increased their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $177.25.

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.