Sumitomo Mitsui DS Asset Management Company Ltd Sells 557 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,947 shares of the technology company’s stock after selling 557 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Jack Henry & Associates were worth $1,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JKHY. NBC Securities Inc. bought a new position in Jack Henry & Associates during the third quarter valued at approximately $30,000. Planned Solutions Inc. purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $35,000. Federated Hermes Inc. purchased a new stake in Jack Henry & Associates during the third quarter valued at approximately $72,000. Finally, Parkside Financial Bank & Trust increased its holdings in Jack Henry & Associates by 25.4% during the third quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company’s stock valued at $99,000 after buying an additional 133 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $165.89 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day moving average price of $170.66 and a 200-day moving average price of $163.02. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The stock has a market cap of $12.09 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, topping 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 analyst estimates of $540.34 million. During the same quarter in the prior year, the business earned $1.10 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal 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 given a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

Analyst Ratings Changes

JKHY has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $172.42.

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.