Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Alpine Peaks Capital LP

Alpine Peaks Capital LP reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,497 shares of the technology company's stock after selling 11,253 shares during the quarter. Jack Henry & Associates comprises approximately 4.4% of Alpine Peaks Capital LP's holdings, making the stock its 13th largest position. Alpine Peaks Capital LP's holdings in Jack Henry & Associates were worth $5,346,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Fortitude Family Office LLC raised its position in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the third quarter worth $26,000. National Pension Service purchased a new position in Jack Henry & Associates during the fourth quarter worth $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $40,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.9 %

NASDAQ JKHY traded down $1.61 during midday trading on Friday, hitting $170.93. 429,596 shares of the company traded hands, compared to its average volume of 541,901. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company's 50-day simple moving average is $174.88 and its 200-day simple moving average is $175.75. The company has a market cap of $12.46 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company 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 1.36%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is presently 41.88%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $186.45.

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.