Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 94.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564 shares of the technology company’s stock after selling 9,553 shares during the period. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $99,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JKHY. Stephens Inc. AR boosted its stake in Jack Henry & Associates by 14.4% during the fourth quarter. Stephens Inc. AR now owns 18,432 shares of the technology company’s stock worth $3,231,000 after buying an additional 2,318 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 88.9% during the 4th quarter. WCM Investment Management LLC now owns 3,445 shares of the technology company’s stock worth $603,000 after acquiring an additional 1,621 shares during the period. Entropy Technologies LP boosted its position in shares of Jack Henry & Associates by 508.0% during the 4th quarter. Entropy Technologies LP now owns 10,379 shares of the technology company’s stock valued at $1,819,000 after acquiring an additional 8,672 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Jack Henry & Associates by 36.2% in the fourth quarter. Empowered Funds LLC now owns 6,600 shares of the technology company’s stock valued at $1,157,000 after purchasing an additional 1,755 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Jack Henry & Associates by 1.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,634 shares of the technology company’s stock valued at $1,514,000 after purchasing an additional 136 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $186.80.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Stock Down 0.1 %

Shares of NASDAQ:JKHY opened at $173.66 on Tuesday. The firm has a market capitalization of $12.67 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11. The firm’s 50-day moving average is $174.77 and its two-hundred day moving average is $174.87.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.34%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 39.71%.

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.