Venturi Wealth Management LLC Has $362,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Venturi Wealth Management LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 53.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,053 shares of the technology company’s stock after selling 2,321 shares during the quarter. Venturi Wealth Management LLC’s holdings in Jack Henry & Associates were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC boosted its position in shares of Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after purchasing an additional 54 shares in the last quarter. Bridges Investment Management Inc. increased its stake in Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Jack Henry & Associates by 1.3% during the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after buying an additional 60 shares during the last quarter. Advisor OS LLC lifted its stake in shares of Jack Henry & Associates by 1.0% in the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after buying an additional 65 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Jack Henry & Associates by 0.6% during the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on JKHY shares. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Compass Point initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Stock Up 0.0 %

JKHY stock opened at $177.11 on Wednesday. The stock has a fifty day moving average of $179.34 and a 200-day moving average of $170.76. Jack Henry & Associates, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $189.63. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 0.51.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $1.39 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business 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. The ex-dividend date was Friday, September 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Jack Henry & Associates Company Profile

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.