Bahl & Gaynor Inc. Has $4.56 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bahl & Gaynor Inc. reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 26,020 shares of the technology company’s stock after selling 1,893 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Jack Henry & Associates were worth $4,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JKHY. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Jack Henry & Associates by 11.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,076 shares of the technology company’s stock worth $1,249,000 after acquiring an additional 704 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Jack Henry & Associates by 1.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 129,618 shares of the technology company’s stock worth $22,883,000 after purchasing an additional 2,351 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Jack Henry & Associates by 119.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,209 shares of the technology company’s stock worth $1,626,000 after purchasing an additional 5,005 shares during the last quarter. Van ECK Associates Corp raised its position in Jack Henry & Associates by 3.9% in the 3rd quarter. Van ECK Associates Corp now owns 48,919 shares of the technology company’s stock worth $9,022,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Jack Henry & Associates by 19.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,333 shares of the technology company’s stock worth $7,827,000 after purchasing an additional 7,082 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

JKHY opened at $177.02 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The company has a fifty day simple moving average of $173.03 and a 200 day simple moving average of $175.35. The stock has a market cap of $12.90 billion, a P/E ratio of 31.95, a P/E/G ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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%. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on JKHY. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.