Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Trimmed by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,645 shares of the technology company’s stock after selling 727 shares during the quarter. M&T Bank Corp’s holdings in Jack Henry & Associates were worth $2,042,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Jack Henry & Associates by 21.1% during the third quarter. Principal Financial Group Inc. now owns 341,460 shares of the technology company’s stock worth $60,281,000 after purchasing an additional 59,450 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of Jack Henry & Associates by 6.9% in the 3rd quarter. Portside Wealth Group LLC now owns 1,370 shares of the technology company’s stock valued at $242,000 after buying an additional 88 shares during the period. Bridges Investment Management Inc. grew its position in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after buying an additional 55 shares during the last quarter. Covestor Ltd raised its stake in Jack Henry & Associates by 32.6% during the third quarter. Covestor Ltd now owns 1,013 shares of the technology company’s stock worth $179,000 after acquiring an additional 249 shares during the period. Finally, WCM Investment Management LLC bought a new position in Jack Henry & Associates in the third quarter worth about $321,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price objective for the company. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Up 4.2 %

NASDAQ:JKHY opened at $191.28 on Monday. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 3.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $193.02. The business has a fifty day moving average of $173.45 and a 200-day moving average of $175.76.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

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.