Apollon Wealth Management LLC Has $569,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Apollon Wealth Management LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,222 shares of the technology company’s stock after selling 532 shares during the quarter. Apollon Wealth Management LLC’s holdings in Jack Henry & Associates were worth $569,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. WCM Investment Management LLC bought a new position in Jack Henry & Associates during the third quarter worth $321,000. Covestor Ltd boosted its holdings in shares of Jack Henry & Associates by 32.6% during the 3rd quarter. Covestor Ltd now owns 1,013 shares of the technology company’s stock worth $179,000 after buying an additional 249 shares during the period. Bridges Investment Management Inc. grew its stake in Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the last quarter. Tandem Investment Advisors Inc. raised its holdings in Jack Henry & Associates by 0.4% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 504,853 shares of the technology company’s stock valued at $89,127,000 after acquiring an additional 1,927 shares during the period. Finally, Portside Wealth Group LLC lifted its position in Jack Henry & Associates by 6.9% during the third quarter. Portside Wealth Group LLC now owns 1,370 shares of the technology company’s stock worth $242,000 after acquiring an additional 88 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JKHY. UBS Group increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Compass Point began coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer began coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $188.73.

Jack Henry & Associates Trading Up 0.4 %

Shares of JKHY stock opened at $173.21 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $151.05 and a fifty-two week high of $189.63. The stock’s fifty day moving average price is $179.46 and its two-hundred day moving average price is $170.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.11. The company has a market cap of $12.64 billion, a PE ratio of 31.72, a P/E/G ratio of 3.29 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.39 earnings per share. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Jack Henry & Associates 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.