Allspring Global Investments Holdings LLC Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Allspring Global Investments Holdings LLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,270 shares of the technology company's stock after selling 5,812 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.38% of Jack Henry & Associates worth $48,313,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JKHY. V Square Quantitative Management LLC increased its holdings in shares of Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after acquiring an additional 54 shares in the last quarter. Bridges Investment Management Inc. increased its stake in Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after purchasing an additional 55 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after buying an additional 61 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after buying an additional 67 shares during the last quarter. Finally, Willis Investment Counsel raised its holdings in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock worth $640,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a report on Thursday, November 7th. 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 target price on the stock. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, William Blair downgraded shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $186.80.

Insider Activity at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Performance

JKHY stock traded down $4.00 during midday trading on Monday, reaching $166.47. 615,065 shares of the company's stock traded hands, compared to its average volume of 616,773. The stock's 50-day moving average is $174.24 and its 200 day moving average is $174.85. The stock has a market cap of $12.15 billion, a P/E ratio of 30.05, a PEG ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data 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 return on equity of 21.55% and a net margin of 17.83%. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.39%. 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.