Capital Group Private Client Services Inc. Lowers Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Capital Group Private Client Services Inc. cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,559 shares of the technology company's stock after selling 3,359 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.23% of Jack Henry & Associates worth $29,373,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JKHY. Willis Investment Counsel raised its position in Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares during the period. Torray Investment Partners LLC increased its position in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after acquiring an additional 79 shares during the period. Signal Advisors Wealth LLC boosted its position in shares of Jack Henry & Associates by 4.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock worth $380,000 after purchasing an additional 83 shares during the period. Finally, Wedmont Private Capital increased its holdings in Jack Henry & Associates by 7.2% in the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock valued at $213,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY traded down $3.11 during mid-day trading on Monday, reaching $168.72. 543,532 shares of the company's stock were exchanged, compared to its average volume of 538,297. The business's fifty day simple moving average is $174.54 and its 200-day simple moving average is $176.05. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The stock has a market capitalization of $12.30 billion, a PE ratio of 30.45, 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 announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 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, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is 41.88%.

Analysts Set New Price Targets

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