Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 37.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,273 shares of the technology company's stock after selling 1,922 shares during the period. Vontobel Holding Ltd.'s holdings in Jack Henry & Associates were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its holdings in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the third quarter worth $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates during the fourth quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new stake in Jack Henry & Associates during the third quarter worth $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in Jack Henry & Associates during the third quarter worth $54,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY traded up $1.62 during midday trading on Friday, hitting $170.32. 224,252 shares of the company were exchanged, compared to its average volume of 578,109. The company's 50 day simple moving average is $173.58 and its 200 day simple moving average is $174.74. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 3.33 and a beta of 0.61. 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 $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results 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 net margin of 17.83% and a return on equity of 21.55%. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. 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 dividend yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.71%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. UBS Group upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday. StockNews.com downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates 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.