ProShare Advisors LLC Sells 3,159 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

ProShare Advisors LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,579 shares of the technology company’s stock after selling 3,159 shares during the period. ProShare Advisors LLC’s holdings in Jack Henry & Associates were worth $10,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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. boosted its position in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock worth $359,523,000 after acquiring an additional 471,507 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Jack Henry & Associates by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company’s stock worth $349,796,000 after acquiring an additional 24,709 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 acquiring an additional 131,515 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Jack Henry & Associates by 95.4% in the 4th 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 acquiring an additional 643,697 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods decreased their price objective on 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. Finally, StockNews.com raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $184.10.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $182.67 on Friday. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day moving average price of $174.83 and a 200-day moving average price of $174.93. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate 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 company had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period in the previous year, the firm earned $1.19 earnings per share. Jack Henry & Associates’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

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