Jack Henry & Associates (NASDAQ:JKHY) Stock Price Down 6.4% – What’s Next?

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded down 6.4% during mid-day trading on Tuesday . The stock traded as low as $178.22 and last traded at $178.03. 811,667 shares were traded during trading, an increase of 25% from the average session volume of 646,914 shares. The stock had previously closed at $190.15.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. StockNews.com lowered shares of 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 report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Down 7.1 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day moving average price is $173.75 and its two-hundred day moving average price is $175.94. The company has a market cap of $12.88 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.31%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Institutional Investors Weigh In On Jack Henry & Associates

Several hedge funds and other institutional investors have recently modified their holdings of the company. Smith Shellnut Wilson LLC ADV lifted its holdings in shares of Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock worth $1,238,000 after purchasing an additional 77 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in Jack Henry & Associates by 569.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company’s stock worth $1,410,000 after buying an additional 6,839 shares during the last quarter. Menard Financial Group LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at $60,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $4,974,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $2,032,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Company 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.