SG Americas Securities LLC Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SG Americas Securities LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 85.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,245 shares of the technology company's stock after selling 7,114 shares during the period. SG Americas Securities LLC's holdings in Jack Henry & Associates were worth $218,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the third quarter valued at approximately $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the third quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. 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 objective for the company. Stephens reissued an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and a consensus price target of $186.80.

Jack Henry & Associates Price Performance

Shares of JKHY traded down $0.06 during trading hours on Friday, reaching $173.81. The company had a trading volume of 464,808 shares, compared to its average volume of 616,773. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a 50 day simple moving average of $174.77 and a 200-day simple moving average of $174.83. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 3.46 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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 Announces Dividend

The company also recently announced 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 of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates's payout ratio is 39.71%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by corporate insiders.

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.