Shell Asset Management Co. Has $789,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Shell Asset Management Co. decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,501 shares of the technology company’s stock after selling 706 shares during the period. Shell Asset Management Co.’s holdings in Jack Henry & Associates were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Willis Investment Counsel increased its position 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 valued at $640,000 after purchasing an additional 68 shares during the period. Torray Investment Partners LLC grew its position in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock worth $1,831,000 after acquiring an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Jack Henry & Associates by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock worth $401,000 after purchasing an additional 79 shares during the last quarter. Wedmont Private Capital increased its position in Jack Henry & Associates by 7.2% in the 4th quarter. Wedmont Private Capital now owns 1,239 shares of the technology company’s stock valued at $213,000 after acquiring an additional 83 shares in the last quarter. Finally, Mather Group LLC. raised its position in Jack Henry & Associates by 12.2% in the 4th quarter. Mather Group LLC. now owns 761 shares of the technology company’s stock worth $133,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on JKHY shares. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th. UBS Group reduced their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $184.10.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $182.67 on Friday. The firm has a market cap of $13.30 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The firm’s fifty day moving average is $174.83 and its 200-day moving average is $174.93. 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 (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the previous year, the company earned $1.19 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is presently 39.52%.

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.