Great Lakes Advisors LLC Cuts Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Great Lakes Advisors LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.1% during the 4th quarter, Holdings Channel reports. The firm owned 30,383 shares of the technology company’s stock after selling 2,307 shares during the period. Great Lakes Advisors LLC’s holdings in Jack Henry & Associates were worth $5,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Entropy Technologies LP purchased a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $301,000. GSA Capital Partners LLP raised its stake in shares of Jack Henry & Associates by 95.4% in the third quarter. GSA Capital Partners LLP now owns 6,602 shares of the technology company’s stock valued at $1,166,000 after acquiring an additional 3,224 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Jack Henry & Associates by 5.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 172,675 shares of the technology company’s stock valued at $30,484,000 after purchasing an additional 9,537 shares during the period. Victory Capital Management Inc. grew its stake in Jack Henry & Associates by 4.9% during the 3rd quarter. Victory Capital Management Inc. now owns 70,850 shares of the technology company’s stock worth $12,508,000 after purchasing an additional 3,314 shares in the last quarter. Finally, Huntington National Bank raised its position in Jack Henry & Associates by 20.9% in the 3rd quarter. Huntington National Bank now owns 451 shares of the technology company’s stock valued at $80,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $175.32 on Friday. The company has a fifty day moving average of $173.78 and a two-hundred day moving average of $176.00. The company has a market capitalization of $12.78 billion, a PE ratio of 31.65, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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%. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm 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. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. 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 price objective for the company. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus 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.