Axxcess Wealth Management LLC Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Axxcess Wealth Management LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,563 shares of the technology company’s stock after selling 130 shares during the period. Axxcess Wealth Management LLC’s holdings in Jack Henry & Associates were worth $449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC grew its stake in Jack Henry & Associates by 2.0% during the third quarter. Empowered Funds LLC now owns 4,845 shares of the technology company’s stock valued at $855,000 after acquiring an additional 97 shares in the last quarter. Quest Partners LLC grew its position in shares of Jack Henry & Associates by 13.0% during the third quarter. Quest Partners LLC now owns 4,414 shares of the technology company’s stock valued at $779,000 after purchasing an additional 509 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Jack Henry & Associates by 3.7% in the third quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after buying an additional 669 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jack Henry & Associates during the third quarter valued at approximately $618,000. Finally, PNC Financial Services Group Inc. boosted its stake in Jack Henry & Associates by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after buying an additional 453 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $173.05 on Friday. The stock has a 50 day moving average price of $174.22 and a 200 day moving average price of $176.16. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $12.61 billion, a P/E ratio of 31.24, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results 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%. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. 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. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. Jack Henry & Associates’s dividend payout ratio (DPR) is 41.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock 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.