United Capital Financial Advisors LLC Has $8.68 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

United Capital Financial Advisors LLC trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 40.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 49,490 shares of the technology company's stock after selling 33,566 shares during the quarter. United Capital Financial Advisors LLC owned about 0.07% of Jack Henry & Associates worth $8,676,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JKHY. JPMorgan Chase & Co. boosted its holdings in shares of Jack Henry & Associates by 7.9% in 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 in the last quarter. Enterprise Financial Services Corp acquired a new stake in Jack Henry & Associates in the fourth quarter valued at about $900,000. Cobblestone Capital Advisors LLC NY grew its position in Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock valued at $21,348,000 after acquiring an additional 21,466 shares during the last quarter. Andra AP fonden grew its position in Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after acquiring an additional 2,900 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JKHY has been the topic of several research reports. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $186.45.

Jack Henry & Associates Trading Down 1.1 %

NASDAQ:JKHY traded down $1.97 on Monday, reaching $169.86. 78,434 shares of the stock traded hands, compared to its average volume of 647,453. 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, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company's 50 day moving average is $174.54 and its 200-day moving average is $176.05. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.37%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

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.