Vinva Investment Management Ltd Sells 9,530 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vinva Investment Management Ltd lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 69.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,125 shares of the technology company’s stock after selling 9,530 shares during the quarter. Vinva Investment Management Ltd’s holdings in Jack Henry & Associates were worth $722,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in Jack Henry & Associates by 110.2% in the fourth quarter. Intech Investment Management LLC now owns 31,257 shares of the technology company’s stock valued at $5,479,000 after buying an additional 16,390 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Jack Henry & Associates in the fourth quarter valued at approximately $3,140,000. Thrivent Financial for Lutherans lifted its stake in Jack Henry & Associates by 110.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 200,093 shares of the technology company’s stock valued at $35,080,000 after buying an additional 105,000 shares in the last quarter. Signaturefd LLC lifted its stake in Jack Henry & Associates by 41.4% in the fourth quarter. Signaturefd LLC now owns 1,541 shares of the technology company’s stock valued at $270,000 after buying an additional 451 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Jack Henry & Associates by 33.6% in the fourth quarter. Parallel Advisors LLC now owns 4,255 shares of the technology company’s stock valued at $746,000 after buying an additional 1,070 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Jack Henry & Associates Price Performance

Shares of JKHY opened at $173.05 on Friday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company’s fifty day simple moving average is $174.22 and its 200 day simple moving average is $176.16. 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) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

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

About Jack Henry & Associates

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.