Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,180 shares of the technology company’s stock after selling 124 shares during the quarter. Amalgamated Bank’s holdings in Jack Henry & Associates were worth $2,486,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Jack Henry & Associates by 2,032.2% in the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after buying an additional 121,667 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Jack Henry & Associates by 49.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after buying an additional 72,760 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Jack Henry & Associates by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 706,048 shares of the technology company’s stock worth $123,770,000 after acquiring an additional 70,540 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on JKHY shares. 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. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Up 1.0 %

NASDAQ:JKHY opened at $173.59 on Friday. 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 1 year low of $157.00 and a 1 year high of $189.63. The stock has a market cap of $12.65 billion, a P/E ratio of 31.33, a P/E/G ratio of 3.36 and a beta of 0.61. The stock has a 50-day simple moving average of $172.99 and a 200-day simple moving average of $175.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly 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%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is a boost 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 1.34%. Jack Henry & Associates’s payout ratio is 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.