Trillium Asset Management LLC Cuts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Trillium Asset Management LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,311 shares of the technology company’s stock after selling 2,074 shares during the period. Trillium Asset Management LLC’s holdings in Jack Henry & Associates were worth $8,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC grew its stake 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 worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates in the 3rd quarter worth approximately $26,000. National Pension Service purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.3 %

Shares of NASDAQ JKHY opened at $176.70 on Wednesday. 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, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm has a market capitalization of $12.88 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The firm has a fifty day simple moving average of $174.09 and a two-hundred day simple moving average of $176.16.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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%. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company assumed 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 objective for the company. Finally, Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average price target 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.