Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,041 shares of the technology company’s stock after selling 229 shares during the period. Stifel Financial Corp’s holdings in Jack Henry & Associates were worth $92,923,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the third quarter valued at approximately $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the fourth quarter valued at approximately $27,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates during the fourth quarter worth approximately $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 1.8 %

JKHY opened at $168.72 on Tuesday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The business has a 50 day moving average price of $174.51 and a two-hundred day moving average price of $175.96. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.30 billion, a PE ratio of 30.45, a P/E/G ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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%. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.38%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

JKHY has been the subject of several research analyst reports. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.45.

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.