Amica Retiree Medical Trust Cuts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amica Retiree Medical Trust cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,246 shares of the technology company’s stock after selling 105 shares during the quarter. Amica Retiree Medical Trust’s holdings in Jack Henry & Associates were worth $394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock valued at $1,544,634,000 after buying an additional 157,360 shares during the period. State Street Corp raised its holdings in Jack Henry & Associates by 1.7% in the third quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after acquiring an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after acquiring an additional 643,697 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Jack Henry & Associates by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after acquiring an additional 61,600 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JKHY has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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, the stock presently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Up 2.6 %

Jack Henry & Associates stock opened at $179.39 on Thursday. The stock has a 50-day simple moving average of $174.41 and a 200-day simple moving average of $176.24. The company has a market capitalization of $13.08 billion, a P/E ratio of 32.38, a PEG ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted 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%. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. The ex-dividend date was Thursday, March 6th. This is a positive change 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 1.29%. Jack Henry & Associates’s 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.