Commerce Bank Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Commerce Bank lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,399 shares of the technology company’s stock after selling 934 shares during the quarter. Commerce Bank’s holdings in Jack Henry & Associates were worth $5,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC increased its holdings in shares of Jack Henry & Associates by 3.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock valued at $455,000 after purchasing an additional 80 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Jack Henry & Associates by 0.8% during the third quarter. Johnson Investment Counsel Inc. now owns 9,654 shares of the technology company’s stock worth $1,459,000 after acquiring an additional 81 shares during the last quarter. Cardinal Capital Management increased its stake in Jack Henry & Associates by 0.7% during the fourth quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock worth $2,186,000 after acquiring an additional 89 shares during the last quarter. ICW Investment Advisors LLC increased its stake in Jack Henry & Associates by 1.6% during the fourth quarter. ICW Investment Advisors LLC now owns 6,486 shares of the technology company’s stock worth $1,060,000 after acquiring an additional 105 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in Jack Henry & Associates by 2.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 3,856 shares of the technology company’s stock worth $630,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JKHY shares. Evercore ISI raised their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Royal Bank of Canada raised their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Robert W. Baird raised their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $174.42.

Jack Henry & Associates Trading Up 0.5 %

NASDAQ:JKHY opened at $168.61 on Friday. The firm has a market cap of $12.29 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 4.34 and a beta of 0.66. The stock has a fifty day moving average price of $167.96 and a 200 day moving average price of $166.48. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.2 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be issued a $0.55 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.30%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 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.