Guinness Asset Management LTD Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Guinness Asset Management LTD raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,149 shares of the technology company’s stock after purchasing an additional 373 shares during the quarter. Guinness Asset Management LTD’s holdings in Jack Henry & Associates were worth $552,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of Jack Henry & Associates by 647.4% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at $26,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter worth $48,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jack Henry & Associates in the third quarter worth approximately $54,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JKHY. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. Royal Bank of Canada increased their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. One equities 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $186.80.

Insider Activity

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

Jack Henry & Associates stock opened at $173.16 on Monday. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 3.24 and a beta of 0.61. The firm has a 50 day moving average of $174.60 and a 200 day moving average of $174.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the prior year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is 40.29%.

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.