London Co. of Virginia Sells 4,057 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

London Co. of Virginia cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 263,796 shares of the technology company's stock after selling 4,057 shares during the period. London Co. of Virginia owned approximately 0.36% of Jack Henry & Associates worth $46,243,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in JKHY. Raymond James Financial Inc. purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after acquiring an additional 643,697 shares during the last quarter. Invesco Ltd. increased its position in shares of Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares during the period. Deutsche Bank AG raised its stake in shares of Jack Henry & Associates by 170.6% during the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after acquiring an additional 367,806 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after acquiring an additional 279,628 shares during the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Up 1.5%

JKHY stock traded up $2.72 during trading on Thursday, hitting $180.63. 754,875 shares of the stock traded hands, compared to its average volume of 561,048. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The firm's 50 day moving average is $174.71 and its two-hundred day moving average is $174.99.

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 analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's payout ratio is 39.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JKHY. UBS Group reduced their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Company 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.