Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,526 shares of the technology company’s stock after buying an additional 1,613 shares during the period. UniSuper Management Pty Ltd’s holdings in Jack Henry & Associates were worth $2,021,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of JKHY. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after acquiring an additional 643,697 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Jack Henry & Associates by 176.5% in the 4th quarter. Korea Investment CORP now owns 38,534 shares of the technology company’s stock worth $6,755,000 after purchasing an additional 24,600 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Jack Henry & Associates during the 4th quarter valued at approximately $719,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Jack Henry & Associates by 41.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,503 shares of the technology company’s stock valued at $35,323,000 after purchasing an additional 58,989 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Jack Henry & Associates by 5.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,238 shares of the technology company’s stock worth $4,424,000 after buying an additional 1,319 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JKHY. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Down 0.4 %

JKHY stock opened at $178.59 on Monday. The firm’s 50-day moving average is $174.65 and its two-hundred day moving average is $176.34. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates’s dividend payout ratio is 41.88%.

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.