Wells Fargo & Company MN Sells 16,513 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wells Fargo & Company MN lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,336,759 shares of the technology company's stock after selling 16,513 shares during the period. Wells Fargo & Company MN owned 1.83% of Jack Henry & Associates worth $234,334,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JKHY. FMR LLC boosted its position in Jack Henry & Associates by 7.8% during the 3rd quarter. FMR LLC now owns 19,815 shares of the technology company's stock valued at $3,498,000 after acquiring an additional 1,428 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Jack Henry & Associates by 14.3% during the third quarter. Public Sector Pension Investment Board now owns 3,195 shares of the technology company's stock valued at $564,000 after purchasing an additional 400 shares in the last quarter. Paloma Partners Management Co bought a new position in Jack Henry & Associates in the third quarter worth $217,000. Investment Management Corp of Ontario increased its stake in shares of Jack Henry & Associates by 42.5% in the 3rd quarter. Investment Management Corp of Ontario now owns 2,347 shares of the technology company's stock worth $414,000 after acquiring an additional 700 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new position in Jack Henry & Associates during the 3rd quarter valued at about $284,000. Institutional investors own 98.75% of the company's stock.

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Wall Street Analyst Weigh In

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

Jack Henry & Associates Stock Performance

JKHY stock traded up $2.63 during trading on Friday, reaching $172.77. The stock had a trading volume of 546,525 shares, compared to its average volume of 533,886. The stock's 50 day moving average is $174.58 and its two-hundred day moving average is $176.26. The firm has a market cap of $12.59 billion, a PE ratio of 31.19, a PEG ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. 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 issued its quarterly earnings data 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%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates's payout ratio is presently 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.