Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,983 shares of the technology company's stock after selling 3,855 shares during the quarter. Tower Research Capital LLC TRC's holdings in Jack Henry & Associates were worth $874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Willis Investment Counsel increased its stake in shares of Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after buying an additional 68 shares during the period. Torray Investment Partners LLC lifted its holdings in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after purchasing an additional 76 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after purchasing an additional 79 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in Jack Henry & Associates by 4.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock valued at $380,000 after purchasing an additional 83 shares during the period. Finally, Wedmont Private Capital lifted its holdings in Jack Henry & Associates by 7.2% during the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock worth $213,000 after buying an additional 83 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock 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. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $185.30.

Jack Henry & Associates Stock Up 0.2 %

Shares of NASDAQ:JKHY traded up $0.38 during trading on Thursday, reaching $173.81. The stock had a trading volume of 160,040 shares, compared to its average volume of 543,545. The company has a market capitalization of $12.67 billion, a P/E ratio of 31.40, a PEG ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. 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's 50-day simple moving average is $175.08 and its 200 day simple moving average is $175.59.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a $0.58 dividend. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.33%. Jack Henry & Associates's dividend payout ratio is 41.88%.

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.