J. Safra Sarasin Holding AG Sells 503 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

J. Safra Sarasin Holding AG trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,627 shares of the technology company’s stock after selling 503 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Jack Henry & Associates were worth $986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its stake in Jack Henry & Associates by 647.4% in the 4th 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 stake in shares of Jack Henry & Associates in the 3rd quarter valued at $26,000. National Pension Service bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Finally, Atala Financial Inc bought a new position in Jack Henry & Associates during the 4th quarter valued at about $40,000. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $173.21 on Thursday. The company has a market cap of $12.63 billion, a PE ratio of 31.27, a PEG 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 1 year low of $157.00 and a 1 year high of $196.00. The company’s 50-day moving average is $174.69 and its two-hundred day moving average is $175.92.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 6th. This is a boost 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 payout ratio is 41.88%.

Analyst Ratings Changes

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

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.