Pinebridge Investments L.P. Sells 23,116 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Pinebridge Investments L.P. decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,573 shares of the technology company's stock after selling 23,116 shares during the quarter. Pinebridge Investments L.P. owned about 0.14% of Jack Henry & Associates worth $17,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Vanguard Group Inc. boosted its position in shares of Jack Henry & Associates by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after acquiring an additional 157,360 shares during the period. Invesco Ltd. boosted its holdings in Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the period. Geode Capital Management LLC boosted its holdings in Jack Henry & Associates by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after purchasing an additional 24,709 shares during the period. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY traded down $0.88 on Monday, reaching $170.05. The stock had a trading volume of 540,471 shares, compared to its average volume of 541,895. 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 company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The firm has a 50-day moving average of $174.88 and a 200-day moving average of $175.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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 anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business 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 an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.

Analyst Ratings Changes

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

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.