Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.3% during the fourth quarter, HoldingsChannel reports. The fund owned 11,263 shares of the technology company’s stock after selling 755 shares during the quarter. Blair William & Co. IL’s holdings in Jack Henry & Associates were worth $1,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC lifted its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the third quarter worth $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the fourth quarter worth $27,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on JKHY shares. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Trading Up 0.8 %

Shares of JKHY stock opened at $184.02 on Wednesday. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.36 and a beta of 0.65. The firm has a 50-day moving average price of $175.03 and a 200 day moving average price of $176.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

About Jack Henry & Associates

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.