Schwartz Investment Counsel Inc. Sells 55,350 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Schwartz Investment Counsel Inc. decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,000 shares of the technology company's stock after selling 55,350 shares during the period. Jack Henry & Associates makes up 1.3% of Schwartz Investment Counsel Inc.'s holdings, making the stock its 29th biggest holding. Schwartz Investment Counsel Inc. owned about 0.29% of Jack Henry & Associates worth $36,988,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after purchasing an additional 67,716 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after acquiring an additional 131,515 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Jack Henry & Associates by 50.8% during the fourth 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. Raymond James & Associates lifted its holdings in shares of Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after purchasing an additional 19,846 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock valued at $107,820,000 after purchasing an additional 2,324 shares during the period. Institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. William Blair downgraded shares of 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 target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective for the company. Royal Bank of Canada raised their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Finally, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Jack Henry & Associates has an average rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates Price Performance

JKHY stock traded down $0.78 during mid-day trading on Wednesday, reaching $170.19. 378,341 shares of the company traded hands, compared to its average volume of 591,912. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a market capitalization of $12.42 billion, a P/E ratio of 30.72, 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 fifty day moving average price of $174.65 and a 200-day moving average price of $174.92.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.71%.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the firm'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 sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

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.