Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 115,789 shares of the technology company’s stock after selling 6,692 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jack Henry & Associates were worth $19,935,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Jack Henry & Associates by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock worth $1,413,329,000 after acquiring an additional 29,182 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Jack Henry & Associates by 1.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after acquiring an additional 24,910 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Jack Henry & Associates by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after acquiring an additional 75,200 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Jack Henry & Associates by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after acquiring an additional 171,477 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of Jack Henry & Associates by 25.6% during the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after acquiring an additional 139,582 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

JKHY has been the subject of several research reports. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Evercore ISI lifted their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Down 1.2 %

JKHY traded down $1.95 during trading on Friday, reaching $166.10. 320,830 shares of the stock traded hands, compared to its average volume of 423,526. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 3.91 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The stock’s 50-day simple moving average is $165.19 and its two-hundred day simple moving average is $167.83.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 earnings per share. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were given a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Jack Henry & Associates Company 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.