Headlands Technologies LLC Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Headlands Technologies LLC decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 24.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,257 shares of the technology company’s stock after selling 416 shares during the quarter. Headlands Technologies LLC’s holdings in Jack Henry & Associates were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of JKHY. NBC Securities Inc. purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at about $30,000. Planned Solutions Inc. purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $33,000. Anchor Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $35,000. Federated Hermes Inc. purchased a new stake in shares of Jack Henry & Associates in the third quarter valued at about $72,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at about $79,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, April 20th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Robert W. Baird upped their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Finally, Citigroup began coverage on shares of Jack Henry & Associates in a research report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Stock Down 0.6 %

Shares of JKHY opened at $164.88 on Monday. The stock has a market capitalization of $12.01 billion, a PE ratio of 32.27, a P/E/G ratio of 3.87 and a beta of 0.66. Jack Henry & Associates, Inc. has a 1 year low of $136.57 and a 1 year high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company’s 50-day simple moving average is $170.50 and its 200-day simple moving average is $163.35.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Analysts forecast that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. Jack Henry & Associates’s dividend payout ratio (DPR) is 43.05%.

About Jack Henry & Associates

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.