JPMorgan Chase & Co. lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523,714 shares of the technology company's stock after selling 268,096 shares during the period. JPMorgan Chase & Co. owned about 2.09% of Jack Henry & Associates worth $267,107,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cerity Partners LLC increased its position in Jack Henry & Associates by 29.0% during the third quarter. Cerity Partners LLC now owns 6,236 shares of the technology company's stock worth $1,101,000 after buying an additional 1,403 shares in the last quarter. D.A. Davidson & CO. increased its position in 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 purchasing an additional 61 shares in the last quarter. FMR LLC increased its position in Jack Henry & Associates by 7.8% during the 3rd quarter. FMR LLC now owns 19,815 shares of the technology company's stock worth $3,498,000 after purchasing an additional 1,428 shares in 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 purchasing an additional 67 shares during the last quarter. Finally, Bridgewater Associates LP lifted its holdings in Jack Henry & Associates by 9.9% in the 3rd quarter. Bridgewater Associates LP now owns 20,170 shares of the technology company's stock valued at $3,561,000 after purchasing an additional 1,816 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.
Jack Henry & Associates Trading Down 6.5 %
Shares of JKHY traded down $11.98 during trading hours on Friday, hitting $172.62. The stock had a trading volume of 879,744 shares, compared to its average volume of 524,267. The company's fifty day simple moving average is $175.42 and its 200 day simple moving average is $176.52. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month 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. The firm has a market cap of $12.58 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.36 and a beta of 0.65.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.
Jack Henry & Associates Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid 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 1.34%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's payout ratio is currently 41.88%.
Analyst Ratings Changes
JKHY has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research report on Wednesday. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. 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 stock. According to MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and an average price target of $186.45.
Get Our Latest Analysis on JKHY
Jack Henry & Associates Company Profile
(
Free Report)
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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