Bank Julius Baer & Co. Ltd Zurich Sells 6,679 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 68.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,051 shares of the technology company's stock after selling 6,679 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Jack Henry & Associates were worth $590,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Jack Henry & Associates in the 4th quarter valued at approximately $132,817,000. Nordea Investment Management AB raised its position in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% in the 3rd 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 last quarter. Benjamin Edwards Inc. increased its stake in shares of Jack Henry & Associates by 2,032.2% in 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. Finally, BNP Paribas Financial Markets lifted its stake in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company's stock worth $38,836,000 after acquiring an additional 72,760 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

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Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $1.78 during trading hours on Wednesday, reaching $174.91. 439,304 shares of the stock traded hands, compared to its average volume of 658,172. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The stock has a 50 day simple moving average of $173.78 and a two-hundred day simple moving average of $176.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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%. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.33%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is currently 41.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JKHY shares. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday. Finally, 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 target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $186.80.

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.