Bath Savings Trust Co Has $5.15 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bath Savings Trust Co reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,655 shares of the technology company’s stock after selling 1,855 shares during the quarter. Bath Savings Trust Co’s holdings in Jack Henry & Associates were worth $5,152,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Blair William & Co. IL raised its stake in Jack Henry & Associates by 15.5% during the 3rd quarter. Blair William & Co. IL now owns 7,573 shares of the technology company’s stock worth $1,145,000 after buying an additional 1,014 shares during the period. Kestra Advisory Services LLC raised its position in shares of Jack Henry & Associates by 33.4% during the third quarter. Kestra Advisory Services LLC now owns 5,352 shares of the technology company’s stock worth $809,000 after purchasing an additional 1,340 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Jack Henry & Associates by 4.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 24,444 shares of the technology company’s stock valued at $3,694,000 after purchasing an additional 1,036 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $2,856,000. Finally, Envestnet Asset Management Inc. increased its stake in Jack Henry & Associates by 21.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock worth $157,654,000 after purchasing an additional 181,811 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Robert W. Baird upped their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Wolfe Research initiated coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $174.42.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $2.83 on Wednesday, reaching $162.21. The stock had a trading volume of 525,637 shares, compared to its average volume of 439,214. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 4.26 and a beta of 0.62. The firm’s 50-day moving average is $165.17 and its two-hundred day moving average is $167.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the company earned $1.12 earnings per share. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.36%. Jack Henry & Associates’s dividend payout ratio 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.