Meeder Advisory Services Inc. Sells 64 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Meeder Advisory Services Inc. lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,154 shares of the technology company’s stock after selling 64 shares during the period. Meeder Advisory Services Inc.’s holdings in Jack Henry & Associates were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC boosted its holdings in Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company’s stock worth $479,000 after acquiring an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Jack Henry & Associates by 2.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company’s stock worth $569,000 after purchasing an additional 64 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company’s stock worth $153,000 after purchasing an additional 75 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its stake in shares of Jack Henry & Associates by 1.1% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock worth $1,238,000 after purchasing an additional 77 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its stake in shares of Jack Henry & Associates by 4.5% in the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company’s stock worth $345,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $167.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day simple moving average of $179.07 and a two-hundred day simple moving average of $176.37. Jack Henry & Associates, Inc. has a 1 year low of $160.23 and a 1 year high of $196.00. The company has a market capitalization of $12.18 billion, a P/E ratio of 28.50 and a beta of 0.74.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period last year, the business posted $1.19 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.52%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several analyst reports. UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods cut their price objective 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, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $185.11.

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.