Atria Investments Inc Sells 2,331 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Atria Investments Inc cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.8% during the third quarter, HoldingsChannel.com reports. The firm owned 24,177 shares of the technology company’s stock after selling 2,331 shares during the period. Atria Investments Inc’s holdings in Jack Henry & Associates were worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of JKHY. Tortoise Investment Management LLC increased its holdings in 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 buying an additional 71 shares during the period. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates in the first quarter valued at about $30,000. Blue Trust Inc. raised its position in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates during the third quarter worth about $48,000. Finally, International Assets Investment Management LLC acquired a new stake in Jack Henry & Associates during the second quarter valued at approximately $63,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.0 %

JKHY stock opened at $177.11 on Wednesday. The business has a fifty day moving average of $179.34 and a 200-day moving average of $170.76. The company has a market cap of $12.91 billion, a P/E ratio of 32.46, a PEG ratio of 3.37 and a beta of 0.63. Jack Henry & Associates, Inc. has a twelve month low of $146.46 and a twelve month high of $189.63. The company has a quick ratio of 1.00, a current ratio of 0.51 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the company posted $1.39 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current 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 dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s payout ratio is 40.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on JKHY shares. Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $188.73.

About Jack Henry & Associates

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.