Dearborn Partners LLC Has $22.78 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Dearborn Partners LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 129,918 shares of the technology company's stock after selling 2,227 shares during the quarter. Dearborn Partners LLC owned about 0.18% of Jack Henry & Associates worth $22,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its stake in Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after acquiring an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 131,515 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock valued at $162,223,000 after acquiring an additional 61,600 shares in the last quarter. Nordea Investment Management AB lifted its stake in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock valued at $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Jack Henry & Associates in the 4th quarter valued at approximately $132,817,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company initiated 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. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Trading Down 1.7 %

Shares of JKHY traded down $3.04 during mid-day trading on Wednesday, reaching $173.65. 582,940 shares of the company were exchanged, compared to its average volume of 661,265. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $12.66 billion, a PE ratio of 31.35, a PEG ratio of 3.36 and a beta of 0.65. The business has a 50 day simple moving average of $173.78 and a two-hundred day simple moving average of $176.03.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) 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.