US Bancorp DE Sells 1,570 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

US Bancorp DE reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,543 shares of the technology company’s stock after selling 1,570 shares during the quarter. US Bancorp DE owned 0.05% of Jack Henry & Associates worth $6,933,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JKHY. Wealth Enhancement Advisory Services LLC lifted its stake in Jack Henry & Associates by 11.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,076 shares of the technology company’s stock valued at $1,249,000 after purchasing an additional 704 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Jack Henry & Associates by 1.8% in the third quarter. Janney Montgomery Scott LLC now owns 129,618 shares of the technology company’s stock valued at $22,883,000 after buying an additional 2,351 shares during the period. Harbor Capital Advisors Inc. raised its stake in Jack Henry & Associates by 119.1% in the third quarter. Harbor Capital Advisors Inc. now owns 9,209 shares of the technology company’s stock valued at $1,626,000 after buying an additional 5,005 shares during the period. Van ECK Associates Corp lifted its position in shares of Jack Henry & Associates by 3.9% in the third quarter. Van ECK Associates Corp now owns 48,919 shares of the technology company’s stock valued at $9,022,000 after buying an additional 1,857 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Jack Henry & Associates by 19.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,333 shares of the technology company’s stock worth $7,827,000 after acquiring an additional 7,082 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JKHY. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. UBS Group increased their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. Finally, Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One research 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.com, the company has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Down 0.6 %

Shares of JKHY opened at $177.02 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The firm’s 50 day moving average is $173.03 and its 200-day moving average is $175.35. The stock has a market capitalization of $12.90 billion, a PE ratio of 31.95, a P/E/G ratio of 3.36 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

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.