Forvis Mazars Wealth Advisors LLC Sells 3,549 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Forvis Mazars Wealth Advisors LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 144,139 shares of the technology company’s stock after selling 3,549 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Jack Henry & Associates were worth $25,268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bridges Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 1.7% in the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after buying an additional 61 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Jack Henry & Associates by 0.7% in the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after buying an additional 67 shares during the period. Willis Investment Counsel boosted its holdings in shares of Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after buying an additional 68 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JKHY. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $171.13 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $173.41 and its two-hundred day moving average price is $174.85. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The firm has a market capitalization of $12.48 billion, a P/E ratio of 30.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is presently 39.71%.

Jack Henry & Associates 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.