Swiss National Bank Sells 9,700 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Swiss National Bank trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 206,000 shares of the technology company’s stock after selling 9,700 shares during the quarter. Swiss National Bank’s holdings in Jack Henry & Associates were worth $36,112,000 at the end of the most recent quarter.

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

Jack Henry & Associates Trading Up 0.3 %

NASDAQ:JKHY opened at $175.83 on Monday. The company’s 50 day moving average price is $173.83 and its 200-day moving average price is $176.10. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued 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 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price 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 assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $186.80.

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.