EntryPoint Capital LLC Sells 139 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

EntryPoint Capital LLC lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,605 shares of the technology company’s stock after selling 139 shares during the quarter. EntryPoint Capital LLC’s holdings in Jack Henry & Associates were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. D.A. Davidson & CO. raised its holdings in Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after purchasing an additional 61 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock worth $1,695,000 after buying an additional 67 shares during the period. Willis Investment Counsel raised its stake in shares of Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock worth $640,000 after buying an additional 68 shares during the last quarter. Torray Investment Partners LLC lifted its holdings in Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after buying an additional 76 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock valued at $401,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JKHY. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $172.82 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company’s 50 day moving average price is $174.21 and its two-hundred day moving average price is $176.18. The company has a market capitalization of $12.60 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last issued 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 return on equity of 21.55% and a net margin of 17.83%. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal 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 issued a dividend of $0.58 per share. The ex-dividend date is Thursday, March 6th. This is an increase 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%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

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.