Capital Group Private Client Services Inc. Sells 3,359 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Capital Group Private Client Services Inc. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,559 shares of the technology company's stock after selling 3,359 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 0.23% of Jack Henry & Associates worth $29,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Jack Henry & Associates by 13.2% during the third quarter. Wellington Management Group LLP now owns 2,463 shares of the technology company's stock valued at $435,000 after acquiring an additional 288 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the 3rd quarter valued at $26,000. Tidal Investments LLC increased its holdings in shares of Jack Henry & Associates by 0.8% in the third quarter. Tidal Investments LLC now owns 11,776 shares of the technology company's stock worth $2,079,000 after purchasing an additional 92 shares during the period. Synovus Financial Corp raised its position in shares of Jack Henry & Associates by 2.2% in the third quarter. Synovus Financial Corp now owns 16,102 shares of the technology company's stock worth $2,843,000 after buying an additional 341 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Jack Henry & Associates by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company's stock valued at $1,655,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.1 %

Shares of NASDAQ JKHY traded down $0.18 during trading hours on Wednesday, hitting $172.50. The company's stock had a trading volume of 206,722 shares, compared to its average volume of 537,880. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 31.14, a P/E/G ratio of 3.36 and a beta of 0.71. 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 business has a 50-day simple moving average of $174.56 and a 200-day simple moving average of $175.94.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its 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 net margin of 17.83% and a return on equity of 21.55%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.34%. Jack Henry & Associates's dividend payout ratio is 41.88%.

Analyst Ratings Changes

Several research analysts recently issued reports on JKHY shares. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $186.45.

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.