Securian Asset Management Inc. Decreases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Securian Asset Management Inc. decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,826 shares of the technology company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Jack Henry & Associates were worth $671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of JKHY. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying 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 worth about $26,000. National Pension Service purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC boosted its position in shares of Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.3 %

Shares of NASDAQ JKHY opened at $175.83 on Monday. The stock’s 50 day moving average price is $173.83 and its two-hundred day moving average price is $176.10. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The stock has a market capitalization of $12.82 billion, a P/E ratio of 31.74, a PEG ratio of 3.36 and a beta of 0.65. 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) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JKHY. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target for the company. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $186.80.

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.