Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Lowered by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,740 shares of the technology company’s stock after selling 448 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Jack Henry & Associates were worth $305,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Jack Henry & Associates by 4.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock worth $1,906,000 after acquiring an additional 453 shares during the last quarter. Citigroup Inc. raised its holdings in Jack Henry & Associates by 0.5% during the 3rd quarter. Citigroup Inc. now owns 124,308 shares of the technology company’s stock worth $21,945,000 after buying an additional 611 shares during the period. Cerity Partners LLC lifted its stake in Jack Henry & Associates by 29.0% during the third quarter. Cerity Partners LLC now owns 6,236 shares of the technology company’s stock valued at $1,101,000 after buying an additional 1,403 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Jack Henry & Associates by 13.0% in the third quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock worth $1,581,000 after buying an additional 1,031 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Jack Henry & Associates by 1.3% in the third quarter. Fisher Asset Management LLC now owns 7,331 shares of the technology company’s stock worth $1,294,000 after acquiring an additional 95 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $179.39 on Thursday. The business’s 50-day moving average price is $174.41 and its two-hundred day moving average price is $176.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The company has a market capitalization of $13.08 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.29%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analyst Ratings Changes

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