Lipe & Dalton Decreases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Lipe & Dalton reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,355 shares of the technology company’s stock after selling 230 shares during the quarter. Jack Henry & Associates accounts for approximately 1.8% of Lipe & Dalton’s holdings, making the stock its 19th largest holding. Lipe & Dalton’s holdings in Jack Henry & Associates were worth $3,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NBC Securities Inc. acquired a new stake in Jack Henry & Associates during the third quarter valued at approximately $30,000. Planned Solutions Inc. bought a new position in Jack Henry & Associates during the fourth quarter worth $33,000. Anchor Investment Management LLC acquired a new position in Jack Henry & Associates in the fourth quarter worth $35,000. KB Financial Partners LLC bought a new stake in Jack Henry & Associates during the first quarter valued at $52,000. Finally, State of Wyoming raised its holdings in shares of Jack Henry & Associates by 6,800.0% during the fourth quarter. State of Wyoming now owns 345 shares of the technology company’s stock worth $61,000 after purchasing an additional 340 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday. Wolfe Research initiated coverage on Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Evercore ISI boosted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $171.58.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded down $1.29 during mid-day trading on Tuesday, reaching $163.75. 230,668 shares of the company traded hands, compared to its average volume of 436,888. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm has a market cap of $11.93 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 3.93 and a beta of 0.66. The stock has a fifty day simple moving average of $171.85 and a 200-day simple moving average of $162.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.