PNC Financial Services Group Inc. Sells 152 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

PNC Financial Services Group Inc. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,643 shares of the technology company’s stock after selling 152 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Jack Henry & Associates were worth $1,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Fortitude Family Office LLC raised its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the third quarter worth $26,000. National Pension Service bought a new stake in Jack Henry & Associates in the fourth quarter worth $27,000. ORG Partners LLC bought a new stake in Jack Henry & Associates in the fourth quarter worth $35,000. Finally, Manchester Capital Management LLC increased its position in Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY stock opened at $175.83 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50-day moving average price of $173.83 and a 200 day moving average price of $176.08. The company has a market capitalization of $12.82 billion, a P/E ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analysts Set New Price Targets

Several research firms have commented on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates 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.