Epoch Investment Partners Inc. Sells 30,013 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Epoch Investment Partners Inc. reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 311,661 shares of the technology company's stock after selling 30,013 shares during the quarter. Epoch Investment Partners Inc. owned about 0.43% of Jack Henry & Associates worth $54,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC increased its stake in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates in the third quarter valued at about $26,000. National Pension Service acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $27,000. ORG Partners LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $35,000. Finally, Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $40,000. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded down $1.78 during midday trading on Friday, hitting $170.76. 119,882 shares of the company traded hands, compared to its average volume of 538,845. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month 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 cap of $12.45 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 3.36 and a beta of 0.71. The firm's fifty day moving average price is $174.81 and its 200-day moving average price is $175.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly 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%. As a group, sell-side analysts forecast 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. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is 41.88%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $186.45.

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.