Nisa Investment Advisors LLC Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Nisa Investment Advisors LLC reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 27,882 shares of the technology company’s stock after selling 180 shares during the period. Nisa Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $4,888,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in Jack Henry & Associates by 647.4% in the fourth 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates during the 3rd quarter worth $26,000. ORG Partners LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in Jack Henry & Associates during the 3rd quarter worth $48,000. Finally, Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates in the third quarter valued at $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.1 %

JKHY opened at $173.88 on Friday. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 3.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business’s fifty day moving average is $174.49 and its two-hundred day moving average is $174.22.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same quarter last year, the firm earned $1.39 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Insiders Place Their Bets

In related news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on JKHY. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $186.80.

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.