FourThought Financial LLC Lowers Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

FourThought Financial LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 35.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,179 shares of the technology company’s stock after selling 661 shares during the quarter. FourThought Financial LLC’s holdings in Jack Henry & Associates were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of JKHY. Vanguard Group Inc. lifted its position in shares of Jack Henry & Associates by 1.5% in the third quarter. Vanguard Group Inc. now owns 8,800,903 shares of the technology company’s stock valued at $1,604,141,000 after acquiring an additional 133,741 shares in the last quarter. BlackRock Inc. raised its stake in Jack Henry & Associates by 0.7% during the 3rd quarter. BlackRock Inc. now owns 7,456,260 shares of the technology company’s stock valued at $1,359,051,000 after purchasing an additional 49,073 shares during the period. State Street Corp lifted its holdings in Jack Henry & Associates by 0.3% in the 3rd quarter. State Street Corp now owns 3,177,564 shares of the technology company’s stock worth $579,175,000 after purchasing an additional 10,492 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Jack Henry & Associates by 27.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,326,194 shares of the technology company’s stock worth $238,741,000 after purchasing an additional 286,117 shares during the period. Finally, Northern Trust Corp boosted its stake in Jack Henry & Associates by 0.7% in the 2nd quarter. Northern Trust Corp now owns 935,995 shares of the technology company’s stock worth $168,498,000 after purchasing an additional 6,379 shares during the period. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Jack Henry & Associates from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, February 9th. DA Davidson decreased their price target on shares of Jack Henry & Associates from $198.00 to $188.00 and set a “neutral” rating on the stock in a research note on Thursday, February 9th. William Blair assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, January 11th. They set an “outperform” rating for the company. Oppenheimer reduced their target price on Jack Henry & Associates from $191.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $184.00 price target (down from $193.00) on shares of Jack Henry & Associates in a research note on Thursday, February 9th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $180.22.

Insiders Place Their Bets

In other news, Director Laura G. Kelly bought 1,000 shares of Jack Henry & Associates stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average price of $145.29 per share, with a total value of $145,290.00. Following the completion of the purchase, the director now owns 16,194 shares in the company, valued at approximately $2,352,826.26. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by insiders.

Jack Henry & Associates Stock Down 1.1 %

Shares of NASDAQ:JKHY opened at $146.46 on Friday. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 3.27 and a beta of 0.64. Jack Henry & Associates, Inc. has a 12 month low of $139.28 and a 12 month high of $212.62. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $170.02 and a 200 day moving average price of $180.32.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The technology company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $505.30 million during the quarter, compared to the consensus estimate of $515.47 million. Jack Henry & Associates had a net margin of 17.66% and a return on equity of 24.81%. Jack Henry & Associates’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 4.82 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Wednesday, March 8th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.42%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 7th. Jack Henry & Associates’s payout ratio is presently 43.15%.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.