Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,358 shares of the technology company's stock after selling 2,703 shares during the quarter. Rhumbline Advisers owned about 0.21% of Jack Henry & Associates worth $27,059,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. 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 purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the third quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates during the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jack Henry & Associates during the third quarter worth about $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stephens restated an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $1.62 during trading hours on Friday, hitting $170.32. The stock had a trading volume of 224,252 shares, compared to its average volume of 578,109. The firm has a market capitalization of $12.42 billion, a PE ratio of 30.75, a PEG ratio of 3.33 and a beta of 0.61. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The stock's 50 day moving average is $173.58 and its 200 day moving average is $174.74. 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 posted 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%. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be 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 1.36%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is presently 39.71%.

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.