Natixis Advisors LLC Has $16.66 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Natixis Advisors LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,044 shares of the technology company’s stock after selling 328 shares during the quarter. Natixis Advisors LLC’s holdings in Jack Henry & Associates were worth $16,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $40,000. Commonwealth Equity Services LLC grew its holdings in shares of Jack Henry & Associates by 1.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company’s stock worth $1,613,000 after purchasing an additional 173 shares during the last quarter. Impact Capital Partners LLC bought a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $813,000. Achmea Investment Management B.V. grew its holdings in shares of Jack Henry & Associates by 5.9% during the fourth quarter. Achmea Investment Management B.V. now owns 8,761 shares of the technology company’s stock worth $1,536,000 after purchasing an additional 492 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Jack Henry & Associates by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock worth $401,000 after purchasing an additional 79 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $176.70 on Wednesday. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The stock’s 50 day moving average price is $174.09 and its two-hundred day moving average price is $176.16. 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 (NASDAQ:JKHY) last posted 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 return on equity of 21.55% and a net margin of 17.83%. On average, equities analysts predict 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. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JKHY. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates currently 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.