Bell Asset Management Ltd reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,144 shares of the technology company's stock after selling 1,661 shares during the quarter. Bell Asset Management Ltd's holdings in Jack Henry & Associates were worth $5,810,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted 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 worth $316,326,000 after buying an additional 131,515 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $900,000. Andra AP fonden grew its holdings in shares of Jack Henry & Associates by 10.7% in the fourth 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 during the period. Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in 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 worth $21,348,000 after purchasing an additional 21,466 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.
Jack Henry & Associates Stock Up 1.5 %
JKHY traded up $2.63 on Friday, reaching $172.77. The company's stock had a trading volume of 546,525 shares, compared to its average volume of 533,886. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The business's 50 day moving average is $174.58 and its 200 day moving average is $176.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.
Jack Henry & Associates Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $186.45.
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About Jack Henry & Associates
(
Free Report)
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.
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