V Square Quantitative Management LLC Trims Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

V Square Quantitative Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,431 shares of the technology company’s stock after selling 136 shares during the quarter. V Square Quantitative Management LLC’s holdings in Jack Henry & Associates were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bridges Investment Management Inc. increased its position in shares of Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the period. D.A. Davidson & CO. increased its position in shares of Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after buying an additional 61 shares during the period. Townsquare Capital LLC increased its position in shares of Jack Henry & Associates by 0.7% during the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after buying an additional 67 shares during the period. Willis Investment Counsel increased its position in shares of Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after buying an additional 68 shares during the period. Finally, Huntington National Bank grew its holdings in Jack Henry & Associates by 20.9% in the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock worth $80,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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 that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JKHY shares. UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. Royal Bank of Canada upped their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Trading Down 2.3 %

Shares of NASDAQ JKHY opened at $166.47 on Monday. The firm’s 50 day moving average price is $174.41 and its 200-day moving average price is $174.87. The company has a market cap of $12.15 billion, a PE ratio of 30.05, a P/E/G ratio of 3.46 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 1.11 and a current ratio of 3.11.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 net margin of 17.83% and a return on equity of 21.55%. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business 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 dividend of $0.58 per share. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.39%. Jack Henry & Associates’s dividend payout ratio is 39.71%.

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.