ProShare Advisors LLC Sells 3,159 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ProShare Advisors LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,579 shares of the technology company's stock after selling 3,159 shares during the quarter. ProShare Advisors LLC owned about 0.08% of Jack Henry & Associates worth $10,444,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. National Pension Service bought a new stake in Jack Henry & Associates during the fourth quarter worth approximately $27,000. Atala Financial Inc acquired a new position in Jack Henry & Associates in the 4th quarter valued at $40,000. Manchester Capital Management LLC grew its stake in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after buying an additional 235 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates in the 4th quarter worth $54,000. Finally, Tortoise Investment Management LLC lifted its position in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JKHY. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Stock Performance

JKHY traded down $3.04 on Wednesday, hitting $182.98. 662,325 shares of the stock traded hands, compared to its average volume of 565,286. The business has a fifty day moving average price of $175.41 and a two-hundred day moving average price of $175.02. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.32 billion, a PE ratio of 33.03, a P/E/G ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

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, topping the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Jack Henry & Associates's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 EPS. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

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.