Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 55.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,749 shares of the technology company's stock after selling 3,428 shares during the quarter. Nebula Research & Development LLC's holdings in Jack Henry & Associates were worth $482,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at about $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $27,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth about $35,000. Finally, Atala Financial Inc acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $1.24 during mid-day trading on Monday, hitting $172.92. The stock had a trading volume of 104,846 shares, compared to its average volume of 546,760. The company has a 50 day simple moving average of $175.11 and a 200 day simple moving average of $175.30. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 31.27, 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. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a dividend of $0.58 per share. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's payout ratio is currently 41.88%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. Finally, 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus price target of $185.30.

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.