abrdn plc Has $4.08 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

abrdn plc lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,299 shares of the technology company's stock after selling 3,468 shares during the period. abrdn plc's holdings in Jack Henry & Associates were worth $4,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank lifted its holdings in Jack Henry & Associates by 6.9% during the 3rd quarter. Czech National Bank now owns 14,850 shares of the technology company's stock worth $2,622,000 after buying an additional 959 shares during the last quarter. CWM LLC lifted its holdings in Jack Henry & Associates by 7.9% during the 3rd quarter. CWM LLC now owns 1,803 shares of the technology company's stock worth $318,000 after buying an additional 132 shares during the last quarter. Wedmont Private Capital bought a new position in Jack Henry & Associates during the 3rd quarter worth approximately $208,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Jack Henry & Associates by 600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 700 shares of the technology company's stock worth $124,000 after buying an additional 600 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Jack Henry & Associates by 5.2% during the 3rd quarter. Ritholtz Wealth Management now owns 2,612 shares of the technology company's stock worth $461,000 after buying an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Stephens reiterated an "equal weight" rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. Finally, UBS Group increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded up $0.28 on Thursday, reaching $170.47. 508,545 shares of the stock traded hands, compared to its average volume of 589,036. The firm's fifty day simple moving average is $174.60 and its 200 day simple moving average is $174.89. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's payout ratio is presently 39.71%.

Jack Henry & Associates 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.