Trillium Asset Management LLC Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Trillium Asset Management LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,311 shares of the technology company's stock after selling 2,074 shares during the quarter. Trillium Asset Management LLC owned about 0.07% of Jack Henry & Associates worth $8,645,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of JKHY. Victory Capital Management Inc. boosted its holdings in Jack Henry & Associates by 4.9% in the 3rd 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. Huntington National Bank boosted its holdings in Jack Henry & Associates by 20.9% in the 3rd 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. CIBC Asset Management Inc boosted its holdings in Jack Henry & Associates by 2.8% in the 3rd quarter. CIBC Asset Management Inc now owns 10,655 shares of the technology company's stock valued at $1,881,000 after purchasing an additional 295 shares during the last quarter. Empowered Funds LLC boosted its holdings in Jack Henry & Associates by 2.0% in the 3rd quarter. Empowered Funds LLC now owns 4,845 shares of the technology company's stock valued at $855,000 after purchasing an additional 97 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Jack Henry & Associates by 14.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 95,093 shares of the technology company's stock valued at $16,787,000 after purchasing an additional 11,728 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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Jack Henry & Associates Stock Down 1.3 %

JKHY traded down $2.25 during trading hours on Friday, hitting $173.05. 935,715 shares of the company's stock were exchanged, compared to its average volume of 502,815. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a 50 day moving average of $174.22 and a 200 day moving average of $176.17. The firm has a market cap of $12.61 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results 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%. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS 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. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date is Thursday, March 6th. 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 dividend yield of 1.34%. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Analyst Ratings Changes

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

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.