Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its position in Jack Henry & Associates by 30.1% in Q1, acquiring an additional 1,847 shares for a total of 7,992 shares valued at approximately $1,459,000.
• Several large investors including Invesco Ltd. and Deutsche Bank AG significantly raised their stakes in Jack Henry & Associates, with institutional investors now owning 98.75% of the company’s stock.
• Jack Henry & Associates declared a quarterly dividend of $0.58 per share, representing an annualized payout of $2.32 and a dividend yield of 1.34%.

Allianz Asset Management GmbH boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,992 shares of the technology company's stock after purchasing an additional 1,847 shares during the period. Allianz Asset Management GmbH's holdings in Jack Henry & Associates were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in JKHY. Axxcess Wealth Management LLC raised its stake in Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after buying an additional 59 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after purchasing an additional 75 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its position in shares of Jack Henry & Associates by 1.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after purchasing an additional 77 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Jack Henry & Associates by 4.5% during the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after purchasing an additional 85 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Jack Henry & Associates by 0.6% during the fourth quarter. Synovus Financial Corp now owns 16,195 shares of the technology company's stock worth $2,839,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 1.5%

Shares of JKHY traded down $2.54 during midday trading on Friday, reaching $167.28. The stock had a trading volume of 627,091 shares, compared to its average volume of 418,314. Jack Henry & Associates, Inc. has a 1-year low of $160.23 and a 1-year high of $196.00. The company's fifty day simple moving average is $179.36 and its two-hundred day simple moving average is $176.40. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 28.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

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, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period last year, the business earned $1.19 EPS. The company's revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's payout ratio is currently 39.52%.

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. Finally, UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given 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 $185.11.

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.