Skandinaviska Enskilda Banken AB publ Sells 11,400 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,759 shares of the technology company's stock after selling 11,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.18% of Jack Henry & Associates worth $22,355,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in JKHY. Entropy Technologies LP bought a new position in Jack Henry & Associates during the third quarter valued at about $301,000. GSA Capital Partners LLP grew its position in Jack Henry & Associates by 95.4% during the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company's stock valued at $1,166,000 after buying an additional 3,224 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Jack Henry & Associates by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company's stock valued at $30,484,000 after buying an additional 9,537 shares during the period. Victory Capital Management Inc. lifted its holdings in Jack Henry & Associates by 4.9% during the third quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company's stock valued at $12,508,000 after purchasing an additional 3,314 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in Jack Henry & Associates by 20.9% during the third quarter. Huntington National Bank now owns 451 shares of the technology company's stock valued at $80,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

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Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $0.51 during trading on Friday, hitting $175.83. The company had a trading volume of 613,567 shares, compared to its average volume of 668,475. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average is $173.83 and its two-hundred day moving average is $176.08. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

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 return on equity of 21.55% and a net margin of 17.83%. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is a boost 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 1.32%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JKHY shares. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $186.80.

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.