Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 39.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,285,563 shares of the technology company's stock after selling 1,482,379 shares during the period. Jack Henry & Associates makes up about 1.1% of APG Asset Management N.V.'s holdings, making the stock its 15th largest holding. APG Asset Management N.V. owned approximately 3.13% of Jack Henry & Associates worth $386,923,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research reports. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, 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 report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $186.45.

Jack Henry & Associates Stock Up 1.5 %

Shares of JKHY stock traded up $2.63 during trading hours on Friday, reaching $172.77. 546,525 shares of the stock were exchanged, compared to its average volume of 533,886. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The business's fifty day moving average is $174.58 and its two-hundred day moving average is $176.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $12.59 billion, a P/E ratio of 31.19, a P/E/G ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.34%. 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. Jack Henry & Associates's dividend payout ratio is 41.88%.

Jack Henry & Associates 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.