Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,187 shares of the technology company’s stock after selling 83 shares during the period. CoreCap Advisors LLC’s holdings in Jack Henry & Associates were worth $734,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JKHY. Cary Street Partners Financial LLC acquired a new stake in Jack Henry & Associates during the fourth quarter worth approximately $54,000. Castlekeep Investment Advisors LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at $1,444,000. Caxton Associates LP acquired a new stake in Jack Henry & Associates during the 4th quarter worth $751,000. Benjamin Edwards Inc. lifted its position in Jack Henry & Associates by 1.5% in the fourth quarter. Benjamin Edwards Inc. now owns 129,514 shares of the technology company’s stock valued at $22,709,000 after acquiring an additional 1,860 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in Jack Henry & Associates in the fourth quarter valued at $16,020,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $180.96 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The stock has a market capitalization of $13.19 billion, a P/E ratio of 32.66, a P/E/G ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day moving average is $175.19 and its two-hundred day moving average is $175.10.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million during the quarter, compared to analysts’ expectations of $585.84 million. During the same period in the prior year, the company posted $1.19 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on JKHY. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. UBS Group lowered their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.