Envestnet Asset Management Inc. Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Envestnet Asset Management Inc. cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,128 shares of the technology company's stock after selling 33,373 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.80% of Jack Henry & Associates worth $102,222,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of JKHY. JPMorgan Chase & Co. raised its stake in 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 last quarter. Enterprise Financial Services Corp bought a new position in Jack Henry & Associates in the 4th quarter worth about $900,000. Andra AP fonden increased its stake in Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after purchasing an additional 2,900 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after buying an additional 263,021 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY grew its holdings in shares of Jack Henry & Associates by 21.4% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after buying an additional 21,466 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. 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 price target on the stock. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded up $2.43 during mid-day trading on Monday, hitting $175.20. The stock had a trading volume of 62,930 shares, compared to its average volume of 533,024. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. 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 firm has a market capitalization of $12.77 billion, a P/E ratio of 31.62, a P/E/G ratio of 3.36 and a beta of 0.71. The firm's 50 day moving average is $174.58 and its 200 day moving average is $176.28.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. On average, sell-side analysts forecast 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 was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.32%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.