Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 94.4% during the fourth quarter, Holdings Channel reports. The firm owned 564 shares of the technology company’s stock after selling 9,553 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $99,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after buying an additional 263,021 shares during the period. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Jack Henry & Associates by 2,032.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after acquiring an additional 121,667 shares during the period. Assenagon Asset Management S.A. raised its position in Jack Henry & Associates by 80.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock valued at $36,677,000 after purchasing an additional 92,359 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after purchasing an additional 72,760 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented 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. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Robert W. Baird upped their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Down 0.1 %

Shares of NASDAQ JKHY opened at $173.66 on Tuesday. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. The firm has a 50-day moving average price of $174.77 and a 200 day moving average price of $174.87. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The company also recently announced 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 a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.34%. Jack Henry & Associates’s dividend payout ratio is 39.71%.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates 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.