Cognios Beta Neutral Large Cap Fund LP Sells 450 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cognios Beta Neutral Large Cap Fund LP lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,323 shares of the technology company’s stock after selling 450 shares during the quarter. Cognios Beta Neutral Large Cap Fund LP’s holdings in Jack Henry & Associates were worth $543,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new position in shares of Jack Henry & Associates in the third quarter valued at $30,000. Planned Solutions Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $33,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Federated Hermes Inc. acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at approximately $72,000. Finally, GAMMA Investing LLC acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $79,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.8 %

Shares of NASDAQ JKHY traded down $1.28 during midday trading on Wednesday, reaching $165.20. The company had a trading volume of 350,938 shares, compared to its average volume of 428,437. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $171.02 and its 200-day moving average price is $162.98. The stock has a market cap of $12.04 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to analyst estimates of $540.34 million. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. Jack Henry & Associates’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were given a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.05%.

Analysts Set New Price Targets

JKHY has been the subject of several research analyst reports. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Royal Bank of Canada increased their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird lifted their target price on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $172.42.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.