FORVIS Wealth Advisors LLC Sells 5,738 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

FORVIS Wealth Advisors LLC lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.8% in the first quarter, Holdings Channel reports. The firm owned 147,183 shares of the technology company’s stock after selling 5,738 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $25,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Planned Solutions Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter worth $33,000. Anchor Investment Management LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth $35,000. VisionPoint Advisory Group LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth $44,000. Riverview Trust Co bought a new position in shares of Jack Henry & Associates during the 1st quarter worth $51,000. Finally, Federated Hermes Inc. purchased a new stake in Jack Henry & Associates during the 3rd quarter worth about $72,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $0.11 on Thursday, hitting $163.65. The company’s stock had a trading volume of 272,236 shares, compared to its average volume of 485,744. The company has a market capitalization of $11.93 billion, a PE ratio of 31.59, a PEG ratio of 3.85 and a beta of 0.63. 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 company has a 50-day simple moving average of $165.09 and a 200 day simple moving average of $167.70.

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 analysts’ consensus estimates of $1.17 by $0.02. The company had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.12 EPS. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were issued a dividend of $0.55 per share. The ex-dividend date was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio is 42.47%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on JKHY shares. DA Davidson reissued a “buy” rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating on the stock. Robert W. Baird increased their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. Finally, Evercore ISI increased their price objective on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and an average target price 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.