Jack Henry & Associates (NASDAQ:JKHY) Stock Price Down 6.4% – Should You Sell?

Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares fell 6.4% on Tuesday . The company traded as low as $178.22 and last traded at $178.03. 811,667 shares traded hands during trading, an increase of 25% from the average session volume of 646,914 shares. The stock had previously closed at $190.15.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Price Performance

The stock has a market cap of $12.78 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. 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 business’s 50-day simple moving average is $173.78 and its two-hundred day simple moving average is $176.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 41.88%.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently modified their holdings of the company. Smith Shellnut Wilson LLC ADV increased its holdings in Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company’s stock worth $1,238,000 after acquiring an additional 77 shares during the period. Siemens Fonds Invest GmbH increased its holdings in shares of Jack Henry & Associates by 569.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 8,041 shares of the technology company’s stock worth $1,410,000 after purchasing an additional 6,839 shares during the period. Menard Financial Group LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth $60,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth $4,974,000. Finally, Jefferies Financial Group Inc. bought a new stake in Jack Henry & Associates during the fourth quarter valued at $2,032,000. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

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.