Achmea Investment Management B.V. Sells 2,800 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Achmea Investment Management B.V. decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 32.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. National Pension Service acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $27,000. Atala Financial Inc bought a new position in Jack Henry & Associates during the fourth quarter worth $40,000. Cary Street Partners Financial LLC acquired a new position in shares of Jack Henry & Associates in the fourth quarter valued at $54,000. Tortoise Investment Management LLC raised its position in shares of Jack Henry & Associates by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after purchasing an additional 143 shares during the period. Finally, Menard Financial Group LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at about $60,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on JKHY shares. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. UBS Group lowered their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Price Performance

JKHY stock traded down $3.06 during midday trading on Wednesday, reaching $179.03. The company had a trading volume of 236,565 shares, compared to its average volume of 569,484. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00. The stock has a 50 day moving average price of $178.98 and a 200-day moving average price of $175.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period last year, the firm earned $1.19 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, May 29th. 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.