Vontobel Holding Ltd. Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Vontobel Holding Ltd. cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,273 shares of the technology company’s stock after selling 1,922 shares during the period. Vontobel Holding Ltd.’s holdings in Jack Henry & Associates were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $48,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on JKHY. Keefe, Bruyette & Woods upped their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

JKHY stock opened at $167.28 on Thursday. The company has a market capitalization of $12.19 billion, a P/E ratio of 30.19, a PEG ratio of 3.31 and a beta of 0.61. The company has a 50-day simple moving average of $173.82 and a 200 day simple moving average of $174.78. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 41.88%.

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.