Forvis Mazars Wealth Advisors LLC Has $25.27 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Forvis Mazars Wealth Advisors LLC cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,139 shares of the technology company’s stock after selling 3,549 shares during the period. Forvis Mazars Wealth Advisors LLC owned 0.20% of Jack Henry & Associates worth $25,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Fortitude Family Office LLC boosted its position in Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates in the third quarter valued at about $26,000. ORG Partners LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at about $35,000. Manchester Capital Management LLC boosted its position in Jack Henry & Associates by 11,750.0% in the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after buying an additional 235 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates in the third quarter valued at about $48,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 1.4 %

JKHY opened at $171.13 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The firm has a 50 day simple moving average of $173.41 and a 200 day simple moving average of $174.85. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly 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 return on equity of 21.55% and a net margin of 17.83%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is presently 39.71%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JKHY. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $186.80.

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.