Cibc World Markets Corp Has $2.02 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cibc World Markets Corp decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 18.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,517 shares of the technology company’s stock after selling 2,609 shares during the period. Cibc World Markets Corp’s holdings in Jack Henry & Associates were worth $2,019,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after buying an additional 61 shares during the last quarter. Townsquare Capital LLC grew its holdings in Jack Henry & Associates by 0.7% in the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after buying an additional 67 shares during the last quarter. Willis Investment Counsel grew its holdings in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after buying an additional 68 shares during the last quarter. Torray Investment Partners LLC lifted its position in shares of Jack Henry & Associates by 0.7% in the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock worth $1,831,000 after acquiring an additional 76 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock worth $401,000 after acquiring an additional 79 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $173.05 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.61 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The business has a 50 day simple moving average of $174.22 and a 200 day simple moving average of $176.16.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.34%. Jack Henry & Associates’s payout ratio is presently 41.88%.

Analyst Ratings Changes

A number of analysts have commented on JKHY shares. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.80.

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.