Amica Retiree Medical Trust Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amica Retiree Medical Trust trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,246 shares of the technology company’s stock after selling 105 shares during the quarter. Amica Retiree Medical Trust’s holdings in Jack Henry & Associates were worth $394,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the third quarter worth about $26,000. National Pension Service purchased a new stake in Jack Henry & Associates during the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $35,000. Finally, Atala Financial Inc acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $40,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Trading Up 2.6 %

Shares of JKHY stock opened at $179.39 on Thursday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm has a market cap of $13.08 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a 50-day moving average of $174.41 and a two-hundred day moving average of $176.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, 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 announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

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.