Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Tredje AP fonden

Tredje AP fonden decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,726 shares of the technology company's stock after selling 5,725 shares during the period. Tredje AP fonden's holdings in Jack Henry & Associates were worth $1,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JKHY. State Street Corp grew its stake in shares of Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock worth $702,039,000 after acquiring an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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. Handelsbanken Fonder AB grew its stake in Jack Henry & Associates by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock worth $162,223,000 after purchasing an additional 61,600 shares in the last quarter. Nordea Investment Management AB increased its holdings in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $132,817,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKHY has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $186.80.

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Jack Henry & Associates Stock Up 0.3 %

JKHY opened at $175.83 on Friday. The stock has a market capitalization of $12.82 billion, a P/E ratio of 31.74, 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 quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The business's 50-day simple moving average is $173.83 and its 200-day simple moving average is $176.08.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued 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%. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

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.

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