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

Bell Asset Management Ltd trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.8% in the 4th quarter, HoldingsChannel reports. The firm owned 33,144 shares of the technology company’s stock after selling 1,661 shares during the period. Bell Asset Management Ltd’s holdings in Jack Henry & Associates were worth $5,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Cerity Partners LLC raised its holdings in shares of Jack Henry & Associates by 26.5% in the 4th quarter. Cerity Partners LLC now owns 7,891 shares of the technology company’s stock valued at $1,386,000 after purchasing an additional 1,655 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Jack Henry & Associates by 14.4% in the fourth quarter. Russell Investments Group Ltd. now owns 56,023 shares of the technology company’s stock valued at $9,821,000 after buying an additional 7,066 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $4,989,000. Motley Fool Asset Management LLC lifted its holdings in Jack Henry & Associates by 12.1% during the 4th quarter. Motley Fool Asset Management LLC now owns 1,630 shares of the technology company’s stock worth $286,000 after buying an additional 176 shares during the last quarter. Finally, World Investment Advisors acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $249,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 6.5 %

Jack Henry & Associates stock opened at $172.62 on Monday. The stock has a 50 day moving average of $175.42 and a two-hundred day moving average of $176.54. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS 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%. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. Jack Henry & Associates’s payout ratio is presently 41.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JKHY shares. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Finally, William Blair reiterated 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, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $186.45.

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.