Asset Management One Co. Ltd. Has $5.79 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Asset Management One Co. Ltd. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,725 shares of the technology company's stock after acquiring an additional 3,237 shares during the period. Asset Management One Co. Ltd.'s holdings in Jack Henry & Associates were worth $5,793,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JKHY. National Pension Service acquired a new position in Jack Henry & Associates in the fourth quarter worth $27,000. Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth about $40,000. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $54,000. Tortoise Investment Management LLC raised its stake in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares during the period. Finally, Menard Financial Group LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $60,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. 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. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. UBS Group lowered 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. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Stock Down 1.3%

JKHY traded down $2.41 during trading on Wednesday, reaching $179.68. 220,165 shares of the stock were exchanged, compared to its average volume of 569,395. The stock's 50 day moving average price is $178.98 and its two-hundred day moving average price is $175.97. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The stock has a market cap of $13.08 billion, a P/E ratio of 30.66, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. Jack Henry & Associates's revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.19 EPS. Equities analysts expect 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 was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.29%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

Jack Henry & Associates 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.