Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,279 shares of the technology company’s stock after selling 726 shares during the period. Simplicity Solutions LLC’s holdings in Jack Henry & Associates were worth $863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. grew its holdings in Jack Henry & Associates by 14.5% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after acquiring an additional 33,700 shares in the last quarter. Nordea Investment Management AB grew its holdings in Jack Henry & Associates by 16.1% during the 3rd quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock worth $82,779,000 after acquiring an additional 75,735 shares in the last quarter. Inspire Investing LLC grew its holdings in Jack Henry & Associates by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock worth $672,000 after acquiring an additional 217 shares in the last quarter. CWM LLC grew its holdings in Jack Henry & Associates by 7.8% during the 3rd quarter. CWM LLC now owns 1,945 shares of the technology company’s stock worth $294,000 after acquiring an additional 141 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Jack Henry & Associates by 202.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 6,760 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.8 %

JKHY stock opened at $163.75 on Wednesday. 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 $11.93 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66. The company has a fifty day moving average price of $171.85 and a 200 day moving average price of $162.30. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. Jack Henry & Associates’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 EPS. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s payout ratio is currently 43.05%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup initiated coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target for the company. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Evercore ISI boosted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.58.

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.