Robertson Stephens Wealth Management LLC Sells 1,875 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Robertson Stephens Wealth Management LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 52.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,702 shares of the technology company's stock after selling 1,875 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Jack Henry & Associates were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after acquiring an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after purchasing an additional 131,515 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Jack Henry & Associates by 50.8% during the 4th 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 during the last quarter. Raymond James & Associates raised its stake in shares of Jack Henry & Associates by 3.2% during the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after purchasing an additional 19,846 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock worth $107,820,000 after buying an additional 2,324 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research reports. William Blair cut Jack Henry & Associates from a "strong-buy" rating to a "hold" rating 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. Stephens reiterated an "equal weight" rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Trading Down 0.0 %

Shares of Jack Henry & Associates stock traded down $0.06 during midday trading on Friday, reaching $173.81. 464,808 shares of the company's stock traded hands, compared to its average volume of 616,773. The stock has a 50 day moving average of $174.77 and a 200-day moving average of $174.77. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The company has a market cap of $12.68 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate 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 expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 annualized dividend and a yield of 1.27%. Jack Henry & Associates's payout ratio is 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.