Bahl & Gaynor Inc. Sells 1,893 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bahl & Gaynor Inc. cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,020 shares of the technology company's stock after selling 1,893 shares during the period. Bahl & Gaynor Inc.'s holdings in Jack Henry & Associates were worth $4,561,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in JKHY. Nordea Investment Management AB increased its stake in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock valued at $136,720,000 after buying an additional 263,021 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock valued at $22,540,000 after buying an additional 121,667 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Jack Henry & Associates by 49.4% during the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock valued at $38,836,000 after buying an additional 72,760 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Jack Henry & Associates by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company's stock valued at $123,770,000 after buying an additional 70,540 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company started 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates Stock Up 4.2 %

Jack Henry & Associates stock traded up $7.77 during mid-day trading on Friday, hitting $191.28. The company had a trading volume of 1,300,701 shares, compared to its average volume of 632,634. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average price is $173.45 and its two-hundred day moving average price is $175.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $193.02. The company has a market capitalization of $13.94 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its 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 return on equity of 21.55% and a net margin of 17.83%. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.21%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates's payout ratio is 41.88%.

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.