Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Trimmed by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,894 shares of the technology company’s stock after selling 1,010 shares during the quarter. Jack Henry & Associates accounts for about 5.6% of Laurus Investment Counsel Inc.’s portfolio, making the stock its 8th largest position. Laurus Investment Counsel Inc.’s holdings in Jack Henry & Associates were worth $11,585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairfield Bush & CO. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at about $104,000. American Century Companies Inc. grew its stake in Jack Henry & Associates by 36.3% during the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock valued at $1,258,000 after purchasing an additional 1,701 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Jack Henry & Associates during the 1st quarter valued at about $208,000. D.A. Davidson & CO. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at about $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Jack Henry & Associates by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock valued at $1,920,000 after purchasing an additional 451 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JKHY has been the subject of several analyst reports. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Evercore ISI boosted their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday. Robert W. Baird reissued a “neutral” rating and issued a $176.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, January 30th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Bank of America raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $167.00 to $186.00 in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $171.00.

Jack Henry & Associates Stock Up 3.5 %

JKHY opened at $172.26 on Thursday. The business’s 50-day simple moving average is $170.99 and its 200-day simple moving average is $160.45. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The stock has a market capitalization of $12.55 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 3.90 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.