Walker Asset Management LLC Trims Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Walker Asset Management LLC reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,985 shares of the technology company's stock after selling 1,894 shares during the quarter. Jack Henry & Associates comprises 25.7% of Walker Asset Management LLC's investment portfolio, making the stock its biggest holding. Walker Asset Management LLC owned 0.33% of Jack Henry & Associates worth $41,719,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. JGP Wealth Management LLC grew its position in Jack Henry & Associates by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 54,716 shares of the technology company's stock worth $9,592,000 after buying an additional 664 shares during the period. Gateway Investment Advisers LLC purchased a new position in Jack Henry & Associates in the 4th quarter valued at approximately $749,000. West Coast Financial LLC raised its holdings in Jack Henry & Associates by 1.7% during the fourth quarter. West Coast Financial LLC now owns 47,734 shares of the technology company's stock worth $8,368,000 after purchasing an additional 788 shares during the last quarter. Outlook Wealth Advisors LLC grew its holdings in Jack Henry & Associates by 15.7% in the fourth quarter. Outlook Wealth Advisors LLC now owns 2,282 shares of the technology company's stock valued at $400,000 after purchasing an additional 310 shares during the last quarter. Finally, Burney Co. increased its position in shares of Jack Henry & Associates by 2.0% in the fourth quarter. Burney Co. now owns 5,391 shares of the technology company's stock valued at $945,000 after buying an additional 106 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JKHY. William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Oppenheimer assumed coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price objective for the company. Robert W. Baird increased their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average price target of $185.91.

Jack Henry & Associates Stock Up 0.4 %

Shares of NASDAQ JKHY traded up $0.66 on Friday, hitting $173.16. The company had a trading volume of 391,361 shares, compared to its average volume of 421,572. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a market capitalization of $12.63 billion, a P/E ratio of 31.71, a PEG ratio of 3.24 and a beta of 0.61. The business has a 50 day moving average of $174.60 and a two-hundred day moving average of $173.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. Jack Henry & Associates's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates's payout ratio is 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

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.