Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Cut by Whittier Trust Co.

Whittier Trust Co. lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,393 shares of the technology company’s stock after selling 128 shares during the period. Whittier Trust Co.’s holdings in Jack Henry & Associates were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JKHY. Fortitude Family Office LLC raised its position 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 acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $27,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

JKHY stock opened at $173.05 on Friday. The stock has a market cap of $12.61 billion, a P/E ratio of 31.24, a P/E/G 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. The firm has a 50 day simple moving average of $174.22 and a 200 day simple moving average of $176.17. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. Research analysts anticipate 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 represents a $2.32 annualized dividend and a dividend yield of 1.34%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on JKHY shares. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target 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.