Cibc World Markets Corp Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cibc World Markets Corp trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,517 shares of the technology company's stock after selling 2,609 shares during the period. Cibc World Markets Corp's holdings in Jack Henry & Associates were worth $2,019,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. raised its position in Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after purchasing an additional 61 shares during the last quarter. Townsquare Capital LLC increased its stake 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 period. Willis Investment Counsel raised its holdings in shares of Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after acquiring an additional 68 shares in the last quarter. Torray Investment Partners LLC lifted its stake in Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after acquiring an additional 76 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after acquiring an additional 79 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

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Jack Henry & Associates Stock Up 1.1 %

JKHY stock traded up $1.96 on Tuesday, reaching $174.78. 550,778 shares of the company traded hands, compared to its average volume of 502,058. The firm has a fifty day simple moving average of $174.26 and a 200-day simple moving average of $176.22. The company has a market cap of $12.74 billion, a P/E ratio of 31.55, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. 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 results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Analyst Ratings Changes

A number of brokerages have issued reports on JKHY. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Company 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.