Walker Asset Management LLC Sells 1,784 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Walker Asset Management LLC cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,879 shares of the technology company’s stock after selling 1,784 shares during the period. Jack Henry & Associates comprises approximately 26.3% of Walker Asset Management LLC’s holdings, making the stock its largest holding. Walker Asset Management LLC owned approximately 0.33% of Jack Henry & Associates worth $42,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates during the 2nd quarter worth $25,000. Tortoise Investment Management LLC grew its position in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after purchasing an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates during the 1st quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Jack Henry & Associates during the second quarter worth $63,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded up $0.18 during midday trading on Thursday, hitting $184.60. The stock had a trading volume of 85,123 shares, compared to its average volume of 437,450. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $13.46 billion, a P/E ratio of 35.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company’s 50-day moving average price is $175.69 and its 200-day moving average price is $169.37. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $186.93.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million during the quarter, compared to the consensus estimate of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same period in the previous year, the business earned $1.34 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent research reports. Robert W. Baird increased their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 target price for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Compass Point started coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price on the stock. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $187.11.

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.