Natixis Trims Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Natixis trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 50.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 7,432 shares of the technology company’s stock after selling 7,564 shares during the period. Natixis’ holdings in Jack Henry & Associates were worth $1,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Jack Henry & Associates by 0.5% in the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after buying an additional 39,456 shares during the period. CIBC Private Wealth Group LLC grew its stake in Jack Henry & Associates by 1.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after purchasing an additional 24,910 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Jack Henry & Associates by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after purchasing an additional 75,200 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Jack Henry & Associates by 25.6% in the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after purchasing an additional 139,582 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JKHY. Robert W. Baird increased their price objective 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. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Finally, Evercore ISI increased their target price on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.67.

Jack Henry & Associates Stock Performance

JKHY stock traded down $0.45 during midday trading on Thursday, reaching $167.48. The stock had a trading volume of 338,137 shares, compared to its average volume of 431,327. The stock has a market cap of $12.21 billion, a PE ratio of 32.33, a P/E/G ratio of 3.93 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a fifty day simple moving average of $165.25 and a two-hundred day simple moving average of $167.87. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 1.31%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Jack Henry & Associates Company 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.