New Covenant Trust Company N.A. Invests $30,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New Covenant Trust Company N.A. bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 172 shares of the technology company’s stock, valued at approximately $30,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc boosted its position in Jack Henry & Associates by 327.7% in the 4th quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after buying an additional 417,401 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $54,552,000. Balyasny Asset Management L.P. raised its stake in shares of Jack Henry & Associates by 96.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock valued at $92,434,000 after purchasing an additional 277,945 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of Jack Henry & Associates by 250.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after purchasing an additional 208,322 shares during the period. Finally, Goldman Sachs Group Inc. increased its position 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 acquiring an additional 171,477 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JKHY. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson restated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Evercore ISI increased their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, Robert W. Baird raised their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $1.14 during trading on Friday, hitting $170.21. The company had a trading volume of 329,601 shares, compared to its average volume of 425,707. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a 50 day simple moving average of $165.37 and a 200 day simple moving average of $167.97. The firm has a market capitalization of $12.41 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 4.04 and a beta of 0.63.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, May 24th. 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.