E. Ohman J or Asset Management AB Sells 600 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

E. Ohman J or Asset Management AB lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,120 shares of the technology company’s stock after selling 600 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Jack Henry & Associates were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JKHY. Fortitude Family Office LLC boosted its holdings in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates in the third quarter worth about $26,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter worth about $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates in the third quarter worth about $54,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JKHY. Royal Bank of Canada lifted their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Robert W. Baird lifted their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Down 0.7 %

Shares of JKHY opened at $172.78 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock’s 50 day moving average is $174.82 and its two-hundred day moving average is $174.74. The firm has a market cap of $12.61 billion, a P/E ratio of 31.64, a PEG ratio of 3.47 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 return on equity of 21.81% and a net margin of 17.79%. Analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 of the company’s stock, valued at $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

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.