DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Invests $403,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,300 shares of the technology company's stock, valued at approximately $403,000.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Jack Henry & Associates during the fourth quarter valued at about $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares during the period. Invesco Ltd. boosted its position in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after buying an additional 471,507 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after buying an additional 279,628 shares during the period. Finally, Norges Bank purchased a new stake in Jack Henry & Associates during the fourth quarter valued at about $48,834,000. 98.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on JKHY shares. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. StockNews.com upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday. UBS Group cut their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Trading Up 1.5%

Shares of NASDAQ JKHY traded up $2.72 during midday trading on Thursday, hitting $180.63. 754,875 shares of the company traded hands, compared to its average volume of 560,358. The firm has a market cap of $13.17 billion, a P/E ratio of 32.60, a P/E/G ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The stock has a 50-day moving average price of $175.16 and a 200 day moving average price of $174.99.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.19 earnings per share. As a group, analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.28%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Jack Henry & Associates Company Profile

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.