Jack Henry & Associates, Inc. (JKHY) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 49.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,615 shares of the technology company’s stock after selling 47,020 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Jack Henry & Associates worth $5,050,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. National Planning Corp boosted its stake in Jack Henry & Associates by 0.3% during the 2nd quarter. National Planning Corp now owns 3,541 shares of the technology company’s stock worth $365,000 after acquiring an additional 11 shares during the last quarter. Wrapmanager Inc. boosted its stake in Jack Henry & Associates by 0.4% during the 2nd quarter. Wrapmanager Inc. now owns 3,521 shares of the technology company’s stock worth $366,000 after acquiring an additional 13 shares during the last quarter. McQueen Ball & Associates Inc. boosted its stake in Jack Henry & Associates by 0.3% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 8,969 shares of the technology company’s stock worth $932,000 after acquiring an additional 27 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Jack Henry & Associates by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,529 shares of the technology company’s stock worth $1,094,000 after acquiring an additional 42 shares during the last quarter. Finally, Ronna Sue Cohen boosted its stake in Jack Henry & Associates by 0.3% during the 2nd quarter. Ronna Sue Cohen now owns 17,788 shares of the technology company’s stock worth $1,848,000 after acquiring an additional 45 shares during the last quarter. 91.66% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at 102.41 on Tuesday. The company’s 50-day moving average is $102.98 and its 200 day moving average is $100.50. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $109.67. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 32.61 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The business had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. During the same period in the prior year, the business posted $1.06 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that Jack Henry & Associates, Inc. will post $3.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.21%. The ex-dividend date is Thursday, September 7th. Jack Henry & Associates’s payout ratio is presently 39.49%.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $117.00 price objective on the stock. in a research note on Tuesday, May 30th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens reissued an “equal weight” rating and set a $97.00 price objective (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Finally, Cantor Fitzgerald assumed coverage on shares of Jack Henry & Associates in a research note on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock.

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Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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