Whittier Trust Co. Has $595,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Whittier Trust Co. reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,393 shares of the technology company’s stock after selling 128 shares during the quarter. Whittier Trust Co.’s holdings in Jack Henry & Associates were worth $595,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC raised its position in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new position in Jack Henry & Associates in the 4th quarter worth $27,000. ORG Partners LLC bought a new position in Jack Henry & Associates in the 4th quarter worth $35,000. Finally, Atala Financial Inc acquired a new position in Jack Henry & Associates during the 4th quarter worth $40,000. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JKHY. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a 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 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

JKHY opened at $173.05 on Friday. The stock’s 50 day simple moving average is $174.22 and its 200-day simple moving average is $176.17. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.61 billion, a PE ratio of 31.24, a P/E/G 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.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

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