Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,446 shares of the technology company’s stock after selling 1,254 shares during the period. Vontobel Holding Ltd.’s holdings in Jack Henry & Associates were worth $1,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Apollon Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 5.1% in the 4th 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 last quarter. Horizon Investments LLC lifted its stake in shares of Jack Henry & Associates by 5.9% in the 2nd 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 last quarter. GAM Holding AG lifted its stake in shares of Jack Henry & Associates by 0.5% in the 3rd 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 last quarter. Guinness Asset Management LTD lifted its stake in shares of Jack Henry & Associates by 2.9% in the 3rd quarter. Guinness Asset Management LTD now owns 2,644 shares of the technology company’s stock valued at $400,000 after purchasing an additional 74 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its stake in shares of Jack Henry & Associates by 5.5% in the 3rd quarter. Curated Wealth Partners LLC now owns 1,438 shares of the technology company’s stock valued at $217,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Evercore ISI upped their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wolfe Research started coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Robert W. Baird boosted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $165.60 on Friday. The stock’s 50-day moving average is $171.36 and its two-hundred day moving average is $162.53. 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, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results 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. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the prior year, the business earned $1.10 EPS. Jack Henry & Associates’s revenue was up 8.0% on a year-over-year basis. Analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is presently 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.