Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 77.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,999 shares of the technology company's stock after selling 20,124 shares during the quarter. Jump Financial LLC's holdings in Jack Henry & Associates were worth $1,052,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $26,000. National Pension Service purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $27,000. ORG Partners LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth $35,000. Finally, Atala Financial Inc purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.9 %

Shares of Jack Henry & Associates stock traded down $1.54 during trading on Friday, hitting $171.00. The stock had a trading volume of 254,838 shares, compared to its average volume of 642,590. The stock has a market cap of $12.47 billion, a PE ratio of 30.87, a PEG ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm's fifty day simple moving average is $174.81 and its 200-day simple moving average is $175.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its 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 net margin of 17.83% and a return on equity of 21.55%. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JKHY shares. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research report on Wednesday, April 2nd. Finally, William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have assigned 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 price target of $186.45.

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.