Missouri Trust & Investment Co Cuts Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Missouri Trust & Investment Co trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300 shares of the technology company’s stock after selling 200 shares during the period. Missouri Trust & Investment Co’s holdings in Jack Henry & Associates were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JKHY. Aigen Investment Management LP purchased a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $1,017,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Jack Henry & Associates by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company’s stock worth $30,484,000 after purchasing an additional 9,537 shares in the last quarter. GSA Capital Partners LLP raised its stake in Jack Henry & Associates by 95.4% in the 3rd quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company’s stock valued at $1,166,000 after purchasing an additional 3,224 shares during the last quarter. Entropy Technologies LP purchased a new position in Jack Henry & Associates in the 3rd quarter valued at $301,000. Finally, WCM Investment Management LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter worth $321,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.8 %

JKHY stock traded down $1.41 during mid-day trading on Tuesday, hitting $175.65. 66,295 shares of the company were exchanged, compared to its average volume of 445,429. The business has a fifty day simple moving average of $179.26 and a 200-day simple moving average of $170.68. The firm has a market capitalization of $12.81 billion, a P/E ratio of 32.43, a PEG ratio of 3.37 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12-month low of $146.46 and a 12-month high of $189.63. The company has a quick ratio of 1.00, a current ratio of 0.51 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the previous year, the business earned $1.39 EPS. Jack Henry & Associates’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.25%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JKHY. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Compass Point initiated 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 for the company. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $188.73.

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.