Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 170.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,444 shares of the technology company's stock after acquiring an additional 367,806 shares during the period. Deutsche Bank AG owned approximately 0.80% of Jack Henry & Associates worth $102,278,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in JKHY. Raymond James Financial Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 worth $229,057,000 after purchasing an additional 643,697 shares in the last quarter. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after purchasing an additional 471,507 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 worth $61,083,000 after purchasing an additional 279,628 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $48,834,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 1.5%

NASDAQ:JKHY traded up $2.72 during mid-day trading on Thursday, hitting $180.63. The stock had a trading volume of 754,875 shares, compared to its average volume of 560,358. The stock has a 50-day simple moving average of $175.16 and a two-hundred day simple moving average of $174.99. The company has a market capitalization of $13.17 billion, a PE ratio of 32.60, a PEG ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month 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 - Get Free Report) last released 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. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued a dividend of $0.58 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.28%. Jack Henry & Associates's payout ratio is currently 39.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $184.10.

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.