Ipswich Investment Management Co. Inc. Has $387,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ipswich Investment Management Co. Inc. reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,208 shares of the technology company’s stock after selling 610 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Jack Henry & Associates were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its holdings in shares of 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 worth $702,039,000 after acquiring an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 131,515 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after acquiring an additional 61,600 shares in the last quarter. Nordea Investment Management AB boosted its holdings 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 worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $107,820,000 after acquiring an additional 2,324 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $171.13 on Friday. The firm has a fifty day moving average of $173.58 and a two-hundred day moving average of $174.74. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 3.33 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. 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 (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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%. As a group, equities research analysts predict 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. Investors of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is currently 39.71%.

Analyst Ratings Changes

JKHY has been the topic of several research reports. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $186.80.

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.