UMB Bank n.a. Cuts Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UMB Bank n.a. lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,881 shares of the technology company’s stock after selling 66 shares during the quarter. UMB Bank n.a.’s holdings in Jack Henry & Associates were worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of Jack Henry & Associates by 16.1% in the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after purchasing an additional 75,735 shares during the period. Inspire Investing LLC boosted its holdings in Jack Henry & Associates by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock valued at $672,000 after acquiring an additional 217 shares during the period. CWM LLC boosted its holdings in Jack Henry & Associates by 7.8% during the 3rd quarter. CWM LLC now owns 1,945 shares of the technology company’s stock valued at $294,000 after acquiring an additional 141 shares during the period. State Street Corp boosted its holdings in Jack Henry & Associates by 0.6% during the 2nd quarter. State Street Corp now owns 3,223,752 shares of the technology company’s stock valued at $539,430,000 after acquiring an additional 19,148 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Jack Henry & Associates by 202.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 6,760 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JKHY. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Citigroup initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. Robert W. Baird reiterated a “neutral” rating and set a $176.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, January 30th. Finally, Wolfe Research began coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $171.00.

Get Our Latest Report on Jack Henry & Associates

Jack Henry & Associates Trading Down 0.0 %

NASDAQ JKHY opened at $170.26 on Thursday. The company has a market capitalization of $12.41 billion, a PE ratio of 33.32, a P/E/G ratio of 3.99 and a beta of 0.66. The company has a fifty day moving average of $171.45 and a 200 day moving average of $161.12. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.29%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is 43.05%.

Jack Henry & Associates Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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