Farther Finance Advisors LLC Sells 213 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Farther Finance Advisors LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,472 shares of the technology company’s stock after selling 213 shares during the quarter. Farther Finance Advisors LLC’s holdings in Jack Henry & Associates were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Raymond James Financial Inc. bought a new stake in Jack Henry & Associates during the 4th quarter valued at $132,817,000. Nordea Investment Management AB grew its position in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after purchasing an additional 121,667 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after purchasing an additional 72,760 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JKHY shares. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $176.70 on Wednesday. The company has a 50-day simple moving average of $174.09 and a two-hundred day simple moving average of $176.16. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.36 and a beta of 0.65.

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 net margin of 17.83% and a return on equity of 21.55%. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

About Jack Henry & Associates

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.