Nebula Research & Development LLC Trims Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nebula Research & Development LLC lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 55.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,749 shares of the technology company’s stock after selling 3,428 shares during the quarter. Nebula Research & Development LLC’s holdings in Jack Henry & Associates were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JKHY. Wilmington Savings Fund Society FSB acquired a new position in Jack Henry & Associates during the 3rd quarter worth $26,000. Tidal Investments LLC lifted its position in shares of Jack Henry & Associates by 0.8% during the third quarter. Tidal Investments LLC now owns 11,776 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 92 shares during the last quarter. Synovus Financial Corp grew its stake in Jack Henry & Associates by 2.2% in the third quarter. Synovus Financial Corp now owns 16,102 shares of the technology company’s stock worth $2,843,000 after purchasing an additional 341 shares in the last quarter. Franklin Resources Inc. increased its holdings in Jack Henry & Associates by 5.6% in the third quarter. Franklin Resources Inc. now owns 8,981 shares of the technology company’s stock valued at $1,655,000 after buying an additional 475 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Jack Henry & Associates by 0.6% in the third quarter. Lord Abbett & CO. LLC now owns 171,046 shares of the technology company’s stock valued at $30,196,000 after buying an additional 1,054 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on JKHY shares. Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group raised shares of 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.45.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $173.51 on Wednesday. The business has a 50 day simple moving average of $175.03 and a 200 day simple moving average of $175.60. 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 firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results 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, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a $0.58 dividend. This is a positive change 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%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Jack Henry & Associates Company 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.