Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,808 shares of the technology company’s stock after selling 241 shares during the period. TD Private Client Wealth LLC’s holdings in Jack Henry & Associates were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in JKHY. Raymond James Financial Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $132,817,000. Nordea Investment Management AB grew its stake in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after purchasing an additional 121,667 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Jack Henry & Associates by 110.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock worth $35,080,000 after purchasing an additional 105,000 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 issued reports on JKHY. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Down 1.3 %

NASDAQ JKHY opened at $173.05 on Friday. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The company’s 50 day moving average price is $174.22 and its 200 day moving average price is $176.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

Jack Henry & Associates Company 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.