Signaturefd LLC Has $152,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Signaturefd LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 26.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 932 shares of the technology company’s stock after selling 342 shares during the quarter. Signaturefd LLC’s holdings in Jack Henry & Associates were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Czech National Bank raised its stake in Jack Henry & Associates by 47.7% in the third quarter. Czech National Bank now owns 12,738 shares of the technology company’s stock valued at $1,925,000 after purchasing an additional 4,112 shares in the last quarter. Simplicity Solutions LLC raised its stake in Jack Henry & Associates by 12.7% during the third quarter. Simplicity Solutions LLC now owns 6,005 shares of the technology company’s stock worth $908,000 after acquiring an additional 676 shares in the last quarter. Golden State Equity Partners raised its stake in Jack Henry & Associates by 26.1% during the third quarter. Golden State Equity Partners now owns 2,043 shares of the technology company’s stock worth $309,000 after acquiring an additional 423 shares in the last quarter. Copeland Capital Management LLC raised its stake in Jack Henry & Associates by 0.9% during the third quarter. Copeland Capital Management LLC now owns 179,829 shares of the technology company’s stock worth $27,179,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Jack Henry & Associates by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock worth $1,296,000 after acquiring an additional 249 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JKHY shares. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. Royal Bank of Canada boosted their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. Robert W. Baird boosted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Citigroup started coverage on Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $172.42.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $164.88 on Monday. The business’s 50 day simple moving average is $170.50 and its 200 day simple moving average is $163.35. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The stock has a market capitalization of $12.01 billion, a PE ratio of 32.27, a PEG ratio of 3.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Jack Henry & Associates Profile

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.