Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,241 shares of the technology company’s stock after selling 794 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Jack Henry & Associates were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock valued at $229,057,000 after purchasing an additional 643,697 shares in the last quarter. Invesco Ltd. increased its holdings in Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock worth $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Jack Henry & Associates by 406.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company’s stock worth $61,083,000 after purchasing an additional 279,628 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $48,834,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $170.93 on Monday. The company has a 50-day moving average price of $174.88 and a two-hundred day moving average price of $175.71. The stock has a market cap of $12.46 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 4th. The technology company reported $1.34 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%. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a $0.58 dividend. 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 1.36%. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

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

Jack Henry & Associates 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.