West Paces Advisors Inc. Has $90,000 Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

West Paces Advisors Inc. trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 515 shares of the technology company’s stock after selling 70 shares during the period. West Paces Advisors Inc.’s holdings in Jack Henry & Associates were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JKHY. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company’s stock worth $1,544,634,000 after purchasing an additional 157,360 shares during the period. Invesco Ltd. lifted its holdings in shares of Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock valued at $359,523,000 after purchasing an additional 471,507 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Jack Henry & Associates by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company’s stock worth $349,796,000 after buying an additional 24,709 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock valued at $229,057,000 after buying an additional 643,697 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on JKHY shares. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued 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 report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given 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 $185.30.

Jack Henry & Associates Trading Up 0.3 %

Shares of JKHY stock opened at $173.89 on Friday. The firm’s fifty day simple moving average is $175.10 and its 200 day simple moving average is $175.51. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $12.68 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY) last released its 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%. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed 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 boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.33%. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

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.