CANADA LIFE ASSURANCE Co Decreases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

CANADA LIFE ASSURANCE Co lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,117 shares of the technology company's stock after selling 3,947 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.07% of Jack Henry & Associates worth $8,429,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the third quarter worth about $26,000. Tidal Investments LLC lifted its stake in shares of Jack Henry & Associates by 0.8% in the 3rd quarter. Tidal Investments LLC now owns 11,776 shares of the technology company's stock worth $2,079,000 after purchasing an additional 92 shares during the period. Synovus Financial Corp boosted its holdings in shares of Jack Henry & Associates by 2.2% in the third quarter. Synovus Financial Corp now owns 16,102 shares of the technology company's stock worth $2,843,000 after buying an additional 341 shares during the last quarter. Franklin Resources Inc. grew its position in Jack Henry & Associates by 5.6% during the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company's stock valued at $1,655,000 after buying an additional 475 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in Jack Henry & Associates by 0.6% during the third quarter. Lord Abbett & CO. LLC now owns 171,046 shares of the technology company's stock valued at $30,196,000 after buying an additional 1,054 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY stock traded down $1.61 during midday trading on Friday, hitting $170.93. The company's stock had a trading volume of 429,596 shares, compared to its average volume of 541,901. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a 50 day moving average of $174.88 and a two-hundred day moving average of $175.71. The firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 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, analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed 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. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

Analyst Ratings Changes

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

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.