Aviva PLC Sells 40,406 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Aviva PLC cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,950 shares of the technology company’s stock after selling 40,406 shares during the period. Aviva PLC owned about 0.27% of Jack Henry & Associates worth $34,525,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC lifted 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 purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates in the 3rd quarter valued at about $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $27,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $35,000. Finally, Atala Financial Inc bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $40,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 6.5 %

Shares of JKHY stock opened at $172.62 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.65. The company’s fifty day simple moving average is $175.42 and its two-hundred day simple moving average is $176.54.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s payout ratio is 41.88%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JKHY shares. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $186.45.

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.