Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,383 shares of the technology company's stock after selling 2,307 shares during the quarter. Great Lakes Advisors LLC's holdings in Jack Henry & Associates were worth $5,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its position in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the third quarter worth approximately $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC raised its stake in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $175.32 on Friday. The business has a 50 day simple moving average of $173.78 and a 200-day simple moving average of $176.00. The firm has a market capitalization of $12.78 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

Remove Ads

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts anticipate 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 issued a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of research analyst reports. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus price target of $186.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.