Aquatic Capital Management LLC Has $167,000 Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Aquatic Capital Management LLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 95.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the technology company's stock after selling 20,349 shares during the period. Aquatic Capital Management LLC's holdings in Jack Henry & Associates were worth $167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JKHY. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter worth $26,000. Tidal Investments LLC raised its position in shares of Jack Henry & Associates by 0.8% in the 3rd quarter. Tidal Investments LLC now owns 11,776 shares of the technology company's stock worth $2,079,000 after acquiring an additional 92 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Jack Henry & Associates by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company's stock valued at $1,655,000 after purchasing an additional 475 shares during the period. Principal Financial Group Inc. boosted its position in shares of Jack Henry & Associates by 21.1% during the 3rd quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company's stock valued at $60,281,000 after purchasing an additional 59,450 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

JKHY has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $185.30.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $174.15 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company's 50 day moving average price is $175.11 and its two-hundred day moving average price is $175.30. The stock has a market cap of $12.70 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.36 and a beta of 0.75. 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 - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts' consensus estimates 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, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a $0.58 dividend. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.33%. Jack Henry & Associates's dividend payout ratio is presently 41.88%.

Jack Henry & Associates Company 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.

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