Mn Services Vermogensbeheer B.V. Sells 1,600 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mn Services Vermogensbeheer B.V. cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,463 shares of the technology company’s stock after selling 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Jack Henry & Associates were worth $5,468,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Jack Henry & Associates in the 3rd quarter worth approximately $30,000. Planned Solutions Inc. purchased a new position in Jack Henry & Associates in the fourth quarter worth $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $35,000. KB Financial Partners LLC purchased a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $52,000. Finally, State of Wyoming raised its stake in shares of Jack Henry & Associates by 6,800.0% during the 4th 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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Royal Bank of Canada raised their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Citigroup initiated coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. Evercore ISI increased their price objective on 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, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $171.58.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $163.75 on Wednesday. The business’s fifty day moving average is $171.85 and its 200 day moving average is $162.30. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 3.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The firm 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 company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Research analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company 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 annualized dividend 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 of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 43.05%.

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.