Rhumbline Advisers Decreases Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Rhumbline Advisers trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,358 shares of the technology company’s stock after selling 2,703 shares during the quarter. Rhumbline Advisers owned 0.21% of Jack Henry & Associates worth $27,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fortitude Family Office LLC increased its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter valued at $26,000. ORG Partners LLC bought a new position in Jack Henry & Associates during the fourth quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates during the third quarter valued at $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates during the third quarter valued at $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 0.3 %

Shares of JKHY stock opened at $167.28 on Thursday. 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 52-week low of $157.00 and a 52-week high of $189.63. The company has a market capitalization of $12.19 billion, a PE ratio of 30.19, a price-to-earnings-growth ratio of 3.31 and a beta of 0.61. The business’s fifty day moving average is $173.82 and its 200 day moving average is $174.78.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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 research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed 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 represents a $2.32 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective 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. Stephens reissued an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One equities research 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.80.

About Jack Henry & Associates

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.