Norinchukin Bank The Sells 1,880 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Norinchukin Bank The cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 188,576 shares of the technology company's stock after selling 1,880 shares during the period. Jack Henry & Associates comprises 0.7% of Norinchukin Bank The's portfolio, making the stock its 28th biggest position. Norinchukin Bank The owned 0.26% of Jack Henry & Associates worth $33,057,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after buying an additional 131,515 shares in the last quarter. Enterprise Financial Services Corp purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at $900,000. Cobblestone Capital Advisors LLC NY raised its position in shares of Jack Henry & Associates by 21.4% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after acquiring an additional 21,466 shares in the last quarter. Andra AP fonden lifted its stake in shares of Jack Henry & Associates by 10.7% during the 4th quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in 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 valued at $136,720,000 after purchasing an additional 263,021 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $171.83 on Friday. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 3.36 and a beta of 0.71. 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 stock's fifty day moving average price is $174.54 and its 200 day moving average price is $176.13. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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, equities research analysts forecast 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 was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is 41.88%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on JKHY shares. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company started coverage on 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.

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