Clean Yield Group Purchases 9,529 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Clean Yield Group grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 42.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,222 shares of the technology company’s stock after buying an additional 9,529 shares during the quarter. Jack Henry & Associates makes up 1.9% of Clean Yield Group’s holdings, making the stock its 13th biggest holding. Clean Yield Group’s holdings in Jack Henry & Associates were worth $5,884,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Jack Henry & Associates by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock worth $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. Invesco Ltd. lifted its holdings in Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock valued at $359,523,000 after buying an additional 471,507 shares during the period. Geode Capital Management LLC lifted its holdings in Jack Henry & Associates by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company’s stock valued at $349,796,000 after buying an additional 24,709 shares during the period. JPMorgan Chase & Co. lifted its holdings in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock valued at $229,057,000 after buying an additional 643,697 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.5%

JKHY opened at $181.84 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The firm has a market capitalization of $13.24 billion, a PE ratio of 32.82, a P/E/G ratio of 3.36 and a beta of 0.73. The company’s 50-day moving average is $176.34 and its 200 day moving average is $175.36.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the prior year, the business posted $1.19 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. UBS Group dropped their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $184.10.

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.