Mutual of America Capital Management LLC Has $1.53 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mutual of America Capital Management LLC trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,740 shares of the technology company’s stock after selling 238 shares during the period. Mutual of America Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JKHY. Fortitude Family Office LLC raised its stake 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 acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC raised its stake in shares of Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

JKHY opened at $191.28 on Friday. The stock has a market cap of $13.94 billion, a PE ratio of 34.53, a P/E/G ratio of 3.36 and a beta of 0.65. 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 1 year low of $157.00 and a 1 year high of $193.02. The stock’s 50 day simple moving average is $173.45 and its 200-day simple moving average is $175.69.

Jack Henry & Associates (NASDAQ:JKHY) last released 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 net margin of 17.83% and a return on equity of 21.55%. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS 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. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.21%. Jack Henry & Associates’s payout ratio is currently 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.