AtonRa Partners Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AtonRa Partners trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,820 shares of the technology company’s stock after selling 557 shares during the quarter. AtonRa Partners’ holdings in Jack Henry & Associates were worth $297,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of JKHY. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter worth about $30,000. Planned Solutions Inc. purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $33,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Federated Hermes Inc. purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter worth about $72,000. Finally, GAMMA Investing LLC acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $79,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.8 %

Shares of Jack Henry & Associates stock traded up $1.24 during mid-day trading on Monday, hitting $166.12. The stock had a trading volume of 291,067 shares, compared to its average volume of 423,856. The firm has a 50-day moving average of $170.50 and a two-hundred day moving average of $163.35. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The firm has a market cap of $12.11 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.

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

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, March 7th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a “peer perform” rating for the company. Royal Bank of Canada increased their price objective on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Evercore ISI increased their price objective 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $172.42.

Jack Henry & Associates Company Profile

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.