Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,091 shares of the technology company’s stock after selling 240 shares during the period. Fisher Asset Management LLC’s holdings in Jack Henry & Associates were worth $1,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $35,000. Finally, Manchester Capital Management LLC boosted its holdings in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after purchasing an additional 235 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $177.63 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The firm’s 50 day moving average price is $173.04 and its 200 day moving average price is $175.37. The company has a market cap of $12.95 billion, a P/E ratio of 32.06, a PEG ratio of 3.36 and a beta of 0.61. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results 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 return on equity of 21.55% and a net margin of 17.83%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Analyst Ratings Changes

JKHY has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.