Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,698 shares of the technology company’s stock after selling 128 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,349,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JKHY. Fortitude Family Office LLC grew its position 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 stake in shares of Jack Henry & Associates during the third quarter worth approximately $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Manchester Capital Management LLC grew its position in shares of Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $171.76 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $173.23 and its two-hundred day moving average is $175.00. The company has a market cap of $12.52 billion, a P/E ratio of 31.00, a P/E/G ratio of 3.36 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Analyst Ratings Changes

A number of research firms have recently weighed in on JKHY. UBS Group raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, 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. 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. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target 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.