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

ProShare Advisors LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,501 shares of the technology company’s stock after selling 284 shares during the quarter. ProShare Advisors LLC owned approximately 0.09% of Jack Henry & Associates worth $10,858,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its stake in Jack Henry & Associates by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 46,872 shares of the technology company’s stock worth $8,138,000 after acquiring an additional 391 shares during the last quarter. Forsta AP Fonden lifted its position in shares of Jack Henry & Associates by 9.2% during the 1st quarter. Forsta AP Fonden now owns 11,900 shares of the technology company’s stock worth $2,067,000 after buying an additional 1,000 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Jack Henry & Associates by 3.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 11,896 shares of the technology company’s stock worth $2,067,000 after buying an additional 370 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Jack Henry & Associates by 230.9% during the 1st quarter. SG Americas Securities LLC now owns 39,724 shares of the technology company’s stock worth $6,901,000 after buying an additional 27,719 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter worth approximately $838,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY opened at $169.74 on Thursday. The firm has a 50 day moving average price of $165.28 and a 200 day moving average price of $167.78. The company has a market cap of $12.37 billion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 3.99 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

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

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.