Gotham Asset Management LLC Sells 7,301 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Gotham Asset Management LLC lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,440 shares of the technology company's stock after selling 7,301 shares during the quarter. Gotham Asset Management LLC's holdings in Jack Henry & Associates were worth $3,758,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Focus Partners Wealth bought a new stake in Jack Henry & Associates during the fourth quarter valued at about $219,000. Ethic Inc. increased its stake in shares of Jack Henry & Associates by 24.8% in the fourth quarter. Ethic Inc. now owns 5,578 shares of the technology company's stock worth $978,000 after purchasing an additional 1,108 shares in the last quarter. Deutsche Bank AG raised its position in shares of Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after purchasing an additional 367,806 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Jack Henry & Associates in the 4th quarter worth $403,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Jack Henry & Associates in the fourth quarter worth about $54,000. Institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on JKHY. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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 given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Trading Up 0.6%

Shares of JKHY traded up $1.11 during mid-day trading on Tuesday, reaching $185.40. 81,997 shares of the company's stock traded hands, compared to its average volume of 561,005. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock's 50-day moving average is $175.05 and its two-hundred day moving average is $174.89. 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 $13.50 billion, a P/E ratio of 33.48, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results 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. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period last year, the company earned $1.19 earnings per share. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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. Stockholders of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.25%. Jack Henry & Associates's dividend payout ratio is currently 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.