Xponance Inc. Sells 1,020 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Xponance Inc. trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,509 shares of the technology company’s stock after selling 1,020 shares during the period. Xponance Inc.’s holdings in Jack Henry & Associates were worth $1,881,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in shares of Jack Henry & Associates by 1,587.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock valued at $56,706,000 after buying an additional 326,448 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Jack Henry & Associates by 21.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after buying an additional 181,811 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Jack Henry & Associates by 34.6% during the third quarter. Handelsbanken Fonder AB now owns 689,400 shares of the technology company’s stock valued at $104,196,000 after buying an additional 177,200 shares during the period. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 15.3% during the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after buying an additional 147,143 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Jack Henry & Associates by 66.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock valued at $58,308,000 after buying an additional 142,878 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $166.48 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 3.88 and a beta of 0.66. The stock’s fifty day moving average price is $171.02 and its 200 day moving average price is $162.98.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Analysts Set New Price Targets

A number of analysts recently issued reports on JKHY shares. Evercore ISI boosted their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Finally, Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $172.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.