Quantbot Technologies LP Has $925,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantbot Technologies LP cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 76.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,279 shares of the technology company's stock after selling 17,110 shares during the quarter. Quantbot Technologies LP's holdings in Jack Henry & Associates were worth $925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in shares of Jack Henry & Associates by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company's stock worth $1,906,000 after buying an additional 453 shares during the last quarter. Citigroup Inc. grew its position in Jack Henry & Associates by 0.5% during the 3rd quarter. Citigroup Inc. now owns 124,308 shares of the technology company's stock worth $21,945,000 after acquiring an additional 611 shares during the last quarter. Cerity Partners LLC increased its holdings in Jack Henry & Associates by 29.0% in the 3rd quarter. Cerity Partners LLC now owns 6,236 shares of the technology company's stock worth $1,101,000 after purchasing an additional 1,403 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Jack Henry & Associates by 13.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company's stock worth $1,581,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Jack Henry & Associates by 1.3% in the third quarter. Fisher Asset Management LLC now owns 7,331 shares of the technology company's stock valued at $1,294,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Trading Down 0.4 %

Shares of NASDAQ:JKHY traded down $0.73 during trading on Friday, reaching $178.59. The stock had a trading volume of 327,587 shares, compared to its average volume of 518,254. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week 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's fifty day moving average is $174.65 and its 200 day moving average is $176.34. The stock has a market cap of $13.02 billion, a price-to-earnings ratio of 32.24, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results 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 return on equity of 21.55% and a net margin of 17.83%. As a group, equities 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders 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 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's payout ratio is presently 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.