Achmea Investment Management B.V. Reduces Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Achmea Investment Management B.V. reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 32.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,961 shares of the technology company's stock after selling 2,800 shares during the period. Achmea Investment Management B.V.'s holdings in Jack Henry & Associates were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $27,000. Atala Financial Inc purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $40,000. Cary Street Partners Financial LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $54,000. Tortoise Investment Management LLC grew its stake in shares of Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares in the last quarter. Finally, Menard Financial Group LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth $60,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of recent research reports. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group dropped their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $185.11.

Jack Henry & Associates Trading Up 0.4%

Shares of JKHY opened at $178.32 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00. The company has a 50-day moving average of $178.57 and a 200 day moving average of $175.96. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 3.02 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same quarter last year, the business posted $1.19 EPS. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates's payout ratio is presently 39.52%.

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.

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