Strengthening Families & Communities LLC Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Strengthening Families & Communities LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 564 shares of the technology company's stock after selling 9,553 shares during the period. Strengthening Families & Communities LLC's holdings in Jack Henry & Associates were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JKHY. V Square Quantitative Management LLC raised its holdings in shares of Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after purchasing an additional 54 shares during the period. Bridges Investment Management Inc. lifted its position in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock valued at $575,000 after buying an additional 55 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after acquiring an additional 61 shares during the last quarter. Townsquare Capital LLC raised its stake in Jack Henry & Associates by 0.7% in the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock valued at $1,695,000 after acquiring an additional 67 shares during the period. Finally, Willis Investment Counsel lifted its holdings in Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on JKHY. Keefe, Bruyette & Woods upped their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. William Blair cut Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. Stephens reaffirmed an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. Finally, Robert W. Baird upped their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Price Performance

JKHY stock traded down $2.69 during trading on Tuesday, reaching $170.97. 532,878 shares of the company were exchanged, compared to its average volume of 599,825. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 3.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. The company has a 50-day moving average of $174.73 and a two-hundred day moving average of $174.92. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly 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 net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is 39.71%.

Insider Activity at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.37% of the stock is currently owned by company insiders.

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.