Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,634 shares of the technology company’s stock after acquiring an additional 136 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Jack Henry & Associates were worth $1,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in JKHY. Fortitude Family Office LLC increased its stake in Jack Henry & Associates by 647.4% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter worth $48,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Jack Henry & Associates during the third quarter valued at $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Stock Down 1.5 %

Shares of Jack Henry & Associates stock opened at $170.97 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.47 billion, a P/E ratio of 30.86, a PEG ratio of 3.46 and a beta of 0.61. The firm’s 50 day moving average price is $174.73 and its 200-day moving average price is $174.92. 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 released its quarterly earnings results 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 return on equity of 21.55% and a net margin of 17.83%. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.71%.

Analyst Ratings Changes

A number of analysts have recently commented on JKHY shares. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Stephens restated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.