Atria Wealth Solutions Inc. Sells 168 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Atria Wealth Solutions Inc. decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,006 shares of the technology company’s stock after selling 168 shares during the period. Atria Wealth Solutions Inc.’s holdings in Jack Henry & Associates were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jack Henry & Associates during the third quarter worth about $618,000. Nordea Investment Management AB grew its position in shares of Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after purchasing an additional 263,021 shares during the period. Pensionfund Sabic acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $1,315,000. Finally, XTX Topco Ltd boosted its stake in Jack Henry & Associates by 137.3% in the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 4,491 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on JKHY. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Keefe, Bruyette & Woods raised 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 research note on Thursday, November 7th. Finally, UBS Group boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $174.05 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.69 billion, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The business’s 50 day moving average is $173.30 and its 200-day moving average is $174.95.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

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.