Bank Julius Baer & Co. Ltd Zurich Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank Julius Baer & Co. Ltd Zurich lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 68.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,051 shares of the technology company’s stock after selling 6,679 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Jack Henry & Associates were worth $590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Raymond James Financial Inc. purchased a new position in Jack Henry & Associates in the 4th quarter valued at approximately $132,817,000. Nordea Investment Management AB boosted its stake in 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 purchasing an additional 263,021 shares during the period. JPMorgan Chase & Co. lifted its stake 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 in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock valued at $22,540,000 after acquiring an additional 121,667 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Jack Henry & Associates by 49.4% in the third quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock worth $38,836,000 after purchasing an additional 72,760 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $190.15 on Tuesday. 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 company has a 50-day moving average price of $173.75 and a 200-day moving average price of $175.94. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results 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 analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared 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 is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.22%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

Wall Street Analyst Weigh In

A number of research firms have commented on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus target price of $186.80.

About Jack Henry & Associates

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.