Amalgamated Bank Lowers Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Amalgamated Bank lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,180 shares of the technology company’s stock after selling 124 shares during the period. Amalgamated Bank’s holdings in Jack Henry & Associates were worth $2,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of JKHY. Fortitude Family Office LLC grew its holdings in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at approximately $26,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $35,000. Manchester Capital Management LLC increased its holdings in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter worth $48,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.0 %

Shares of NASDAQ:JKHY opened at $173.59 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The stock has a market cap of $12.65 billion, a P/E ratio of 31.33, a PEG ratio of 3.36 and a beta of 0.61. The business has a fifty day moving average of $172.99 and a two-hundred day moving average of $175.03. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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 analysts’ consensus estimates 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 expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company 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 annualized dividend and a dividend yield of 1.34%. The ex-dividend date 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%.

Analysts Set New Price Targets

Several analysts have recently issued reports on JKHY shares. UBS Group lifted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company initiated 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.80.

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.