Sei Investments Co. Lowers Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sei Investments Co. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,032 shares of the technology company's stock after selling 3,217 shares during the period. Sei Investments Co. owned approximately 0.17% of Jack Henry & Associates worth $22,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its stake in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the 3rd quarter valued at about $26,000. National Pension Service bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $40,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $0.73 during trading on Friday, hitting $178.59. 327,587 shares of the company's stock were exchanged, compared to its average volume of 518,254. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 3.36 and a beta of 0.65. The business has a 50-day simple moving average of $174.65 and a 200-day simple moving average of $176.34. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week 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.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its 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 return on equity of 21.55% and a net margin of 17.83%. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's payout ratio is 41.88%.

Analysts Set New Price Targets

Several analysts have commented on JKHY shares. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.