New Covenant Trust Company N.A. Invests $30,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New Covenant Trust Company N.A. acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 172 shares of the technology company’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently made changes to their positions in JKHY. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after buying an additional 39,456 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Jack Henry & Associates by 1.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after buying an additional 24,910 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Jack Henry & Associates by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock valued at $124,943,000 after buying an additional 75,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Jack Henry & Associates by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after buying an additional 171,477 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Jack Henry & Associates by 25.6% during the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

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

Jack Henry & Associates Price Performance

JKHY stock traded up $1.14 during midday trading on Friday, hitting $170.21. 329,601 shares of the stock were exchanged, compared to its average volume of 425,707. The stock’s 50-day moving average price is $165.37 and its 200-day moving average price is $167.97. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 4.04 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week 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 released its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The company had revenue of $538.56 million during the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 earnings per share. Research analysts predict 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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

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.