Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,117 shares of the technology company's stock after selling 3,108 shares during the period. National Bank of Canada FI's holdings in Jack Henry & Associates were worth $5,981,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JKHY. Franklin Resources Inc. grew its holdings in Jack Henry & Associates by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 9,427 shares of the technology company's stock worth $1,653,000 after acquiring an additional 446 shares during the period. Wellington Management Group LLP boosted its position in Jack Henry & Associates by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company's stock worth $506,000 after purchasing an additional 423 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Jack Henry & Associates by 33.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 12,068 shares of the technology company's stock worth $2,116,000 after purchasing an additional 3,037 shares during the period. RWA Wealth Partners LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $909,000. Finally, Schroder Investment Management Group lifted its stake in shares of Jack Henry & Associates by 4.9% in the 4th quarter. Schroder Investment Management Group now owns 2,339 shares of the technology company's stock valued at $410,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $2.63 during trading hours on Friday, hitting $172.77. 546,525 shares of the stock were exchanged, compared to its average volume of 533,886. The stock's 50-day moving average price is $174.58 and its two-hundred day moving average price is $176.26. 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 company has a market cap of $12.59 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth 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.

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

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.58 per share. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's payout ratio is currently 41.88%.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $186.45.

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.