Inspire Investing LLC Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Inspire Investing LLC trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,617 shares of the technology company’s stock after selling 466 shares during the quarter. Inspire Investing LLC’s holdings in Jack Henry & Associates were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of JKHY. Planned Solutions Inc. purchased a new position in Jack Henry & Associates in the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth $35,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth $44,000. Riverview Trust Co purchased a new position in Jack Henry & Associates during the first quarter worth about $51,000. Finally, GAMMA Investing LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth about $79,000. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Robert W. Baird increased their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Finally, DA Davidson reissued a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.67.

Jack Henry & Associates Trading Up 1.4 %

Shares of JKHY stock opened at $169.74 on Wednesday. The business has a 50-day moving average of $165.19 and a 200 day moving average of $167.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The stock has a market capitalization of $12.37 billion, a PE ratio of 32.77, a P/E/G ratio of 3.94 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

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.