AtonRa Partners Has $297,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AtonRa Partners cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. bought a new position in Jack Henry & Associates in the third quarter valued at about $30,000. Planned Solutions Inc. bought a new position in Jack Henry & Associates in the fourth quarter valued at about $33,000. Anchor Investment Management LLC bought a new position in Jack Henry & Associates in the fourth quarter valued at about $35,000. Federated Hermes Inc. bought a new position in Jack Henry & Associates in the third quarter valued at about $72,000. Finally, GAMMA Investing LLC bought a new position in shares of Jack Henry & Associates during the fourth quarter worth about $79,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKHY has been the subject of a number of analyst reports. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 8th. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Stock Up 0.8 %

Jack Henry & Associates stock traded up $1.24 during mid-day trading on Monday, reaching $166.12. The stock had a trading volume of 291,067 shares, compared to its average volume of 423,856. 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 fifty-two week low of $136.57 and a fifty-two week high of $178.37. The stock’s 50-day simple moving average is $170.50 and its 200-day simple moving average is $163.35. The firm has a market capitalization of $12.11 billion, a PE 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 announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. 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 firm posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal 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 given a dividend of $0.55 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. Jack Henry & Associates’s payout ratio 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.