Motley Fool Asset Management LLC Sells 134 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Motley Fool Asset Management LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,358 shares of the technology company’s stock after selling 134 shares during the period. Motley Fool Asset Management LLC’s holdings in Jack Henry & Associates were worth $222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after acquiring an additional 46,534 shares during the last quarter. 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 worth $167,289,000 after purchasing an additional 147,143 shares in the last quarter. 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 worth $157,654,000 after purchasing an additional 181,811 shares in the last quarter. Northern Trust Corp boosted its position in shares of Jack Henry & Associates by 3.5% during the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock worth $123,744,000 after purchasing an additional 28,017 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Jack Henry & Associates by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after purchasing an additional 75,200 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating on the stock. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Finally, Citigroup started coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Stock Down 0.6 %

Jack Henry & Associates stock opened at $164.88 on Friday. The firm has a market capitalization of $12.01 billion, a PE ratio of 32.27, a P/E/G ratio of 3.89 and a beta of 0.66. The company’s 50-day moving average is $170.50 and its 200-day moving average is $163.14. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week 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.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to analyst estimates 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 for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. Sell-side analysts anticipate 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. Stockholders of record on Friday, March 8th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, March 7th. 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 1.33%. Jack Henry & Associates’s payout ratio is currently 43.05%.

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.