Jupiter Asset Management Ltd. Lowers Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jupiter Asset Management Ltd. reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 246,377 shares of the technology company’s stock after selling 29,246 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.34% of Jack Henry & Associates worth $43,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JKHY. Fortitude Family Office LLC raised its position in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $26,000. National Pension Service purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC grew its position in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after acquiring an additional 235 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $176.69 on Wednesday. The firm’s 50-day moving average price is $173.78 and its two-hundred day moving average price is $176.03. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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 net margin of 17.83% and a return on equity of 21.55%. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday. One 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. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Company 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.