Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 64.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,227 shares of the technology company’s stock after selling 2,220 shares during the period. SeaCrest Wealth Management LLC’s holdings in Jack Henry & Associates were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock worth $565,648,000 after purchasing an additional 46,534 shares in the last quarter. State Street Corp lifted its stake in Jack Henry & Associates by 0.6% during the 2nd quarter. State Street Corp now owns 3,223,752 shares of the technology company’s stock valued at $539,430,000 after acquiring an additional 19,148 shares during the period. JPMorgan Chase & Co. lifted its stake in Jack Henry & Associates by 19.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock valued at $286,513,000 after acquiring an additional 304,400 shares during the period. Geode Capital Management LLC lifted its stake in Jack Henry & Associates by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 1,713,380 shares of the technology company’s stock valued at $257,816,000 after acquiring an additional 11,665 shares during the period. Finally, Morgan Stanley lifted its stake in Jack Henry & Associates by 117.1% during the 4th quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock valued at $300,155,000 after acquiring an additional 922,054 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on JKHY. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Robert W. Baird restated a “neutral” rating and set a $176.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, January 30th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Evercore ISI lifted their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $171.00.

View Our Latest Report on Jack Henry & Associates

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $173.73 on Monday. The firm has a market cap of $12.66 billion, a PE ratio of 34.00, a PEG ratio of 4.07 and a beta of 0.66. The firm has a fifty day moving average of $171.30 and a 200 day moving average of $160.82. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. The company had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

About Jack Henry & Associates

(Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.

Featured Stories

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.