Valley National Advisers Inc. Has $43,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Valley National Advisers Inc. cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247 shares of the technology company’s stock after selling 168 shares during the period. Valley National Advisers Inc.’s holdings in Jack Henry & Associates were worth $43,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after purchasing an additional 67,716 shares during the period. JPMorgan Chase & Co. increased its position in Jack Henry & Associates by 7.9% during 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 in the last quarter. Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Raymond James & Associates increased its position in Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock valued at $111,569,000 after acquiring an additional 19,846 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after acquiring an additional 2,324 shares during the period. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on JKHY. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Royal Bank of Canada raised 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 note on Thursday, November 7th. Wells Fargo & Company initiated 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 on the stock. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Price Performance

JKHY stock opened at $174.78 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The stock has a market cap of $12.75 billion, a PE ratio of 32.01, a P/E/G ratio of 3.47 and a beta of 0.61. The firm has a 50 day simple moving average of $174.78 and a two-hundred day simple moving average of $174.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. On average, analysts predict that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s payout ratio is 40.29%.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

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.