Vinva Investment Management Ltd Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vinva Investment Management Ltd cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,125 shares of the technology company's stock after selling 9,530 shares during the quarter. Vinva Investment Management Ltd's holdings in Jack Henry & Associates were worth $722,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its stake in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the third quarter worth $26,000. National Pension Service purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $35,000. Finally, Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at $40,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.5 %

Shares of JKHY traded up $0.93 during trading hours on Tuesday, hitting $173.75. The stock had a trading volume of 88,991 shares, compared to its average volume of 502,915. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market cap of $12.67 billion, a P/E ratio of 31.37, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company's fifty day simple moving average is $174.21 and its 200 day simple moving average is $176.18.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is presently 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of several analyst reports. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently 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.