Simmons Bank Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Simmons Bank cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 48.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199 shares of the technology company’s stock after selling 1,141 shares during the quarter. Simmons Bank’s holdings in Jack Henry & Associates were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Jack Henry & Associates by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock worth $867,000 after purchasing an additional 259 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Jack Henry & Associates by 42.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,783 shares of the technology company’s stock valued at $1,018,000 after purchasing an additional 1,726 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Jack Henry & Associates by 2.7% in the 3rd quarter. Forsta AP Fonden now owns 11,300 shares of the technology company’s stock valued at $1,995,000 after buying an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Jack Henry & Associates by 11.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,076 shares of the technology company’s stock valued at $1,249,000 after acquiring an additional 704 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Jack Henry & Associates by 17.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,212 shares of the technology company’s stock valued at $1,785,000 after purchasing an additional 1,530 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 0.1 %

NASDAQ:JKHY opened at $171.87 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.53 billion, a PE ratio of 31.02, a P/E/G ratio of 3.36 and a beta of 0.61. The stock’s 50 day moving average price is $173.13 and its 200 day moving average price is $174.98. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.35%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Royal Bank of Canada increased their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens reissued an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates 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.