Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 27,882 shares of the technology company’s stock after selling 180 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $4,888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Jack Henry & Associates by 5.4% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 4,707 shares of the technology company’s stock valued at $825,000 after purchasing an additional 243 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $201,000. Guinness Asset Management LTD grew its holdings in shares of Jack Henry & Associates by 13.4% in the 4th quarter. Guinness Asset Management LTD now owns 3,149 shares of the technology company’s stock worth $552,000 after acquiring an additional 373 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of Jack Henry & Associates by 25.8% during the fourth quarter. Diversify Wealth Management LLC now owns 3,838 shares of the technology company’s stock worth $660,000 after purchasing an additional 787 shares during the period. Finally, JGP Wealth Management LLC boosted its position in shares of Jack Henry & Associates by 1.2% in the 4th quarter. JGP Wealth Management LLC now owns 54,716 shares of the technology company’s stock valued at $9,592,000 after purchasing an additional 664 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Down 0.1 %

Jack Henry & Associates stock opened at $173.88 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The firm’s fifty day simple moving average is $174.49 and its 200-day simple moving average is $174.22. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.69 billion, a P/E ratio of 31.85, a P/E/G ratio of 3.27 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same quarter in the prior year, the firm posted $1.39 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates’s payout ratio is presently 40.29%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Finally, William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus 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.