Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 9.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,743 shares of the technology company’s stock after selling 174 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Jack Henry & Associates were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 5.1% in the fourth quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company’s stock valued at $251,000 after purchasing an additional 69 shares during the period. Horizon Investments LLC lifted its stake in shares of Jack Henry & Associates by 5.9% in the second quarter. Horizon Investments LLC now owns 1,260 shares of the technology company’s stock valued at $211,000 after purchasing an additional 70 shares during the period. GAM Holding AG lifted its stake in shares of Jack Henry & Associates by 0.5% in the third quarter. GAM Holding AG now owns 14,788 shares of the technology company’s stock valued at $2,235,000 after purchasing an additional 73 shares during the period. Guinness Asset Management LTD raised its position in Jack Henry & Associates by 2.9% during the third quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock worth $400,000 after acquiring an additional 74 shares during the last quarter. Finally, Curated Wealth Partners LLC raised its position in Jack Henry & Associates by 5.5% during the third quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock worth $217,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Evercore ISI lifted their target price 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. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Bank of America upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $167.00 to $186.00 in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $171.00.

Check Out Our Latest Stock Report on JKHY

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $170.29 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The firm has a 50 day simple moving average of $171.37 and a 200-day simple moving average of $161.06. The firm has a market cap of $12.41 billion, a PE ratio of 33.32, a P/E/G ratio of 4.00 and a beta of 0.66. 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:JKHYGet Free Report) last released its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same period in the previous year, the firm earned $1.10 earnings per share. Jack Henry & Associates’s revenue was up 8.0% compared to the same quarter last year. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.29%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s payout ratio is presently 43.05%.

Jack Henry & Associates Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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