Asset Management One Co. Ltd. Boosts Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Asset Management One Co. Ltd. increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,725 shares of the technology company's stock after acquiring an additional 3,237 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Jack Henry & Associates were worth $5,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $27,000. Atala Financial Inc purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $40,000. Cary Street Partners Financial LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $54,000. Tortoise Investment Management LLC increased its holdings in Jack Henry & Associates by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after acquiring an additional 143 shares in the last quarter. Finally, Menard Financial Group LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth approximately $60,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY stock traded up $0.72 on Friday, reaching $178.32. The company's stock had a trading volume of 686,937 shares, compared to its average volume of 570,190. The stock's fifty day simple moving average is $178.57 and its 200-day simple moving average is $175.96. Jack Henry & Associates, Inc. has a 1 year low of $158.62 and a 1 year high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its earnings results 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 firm had revenue of $585.09 million during the quarter, compared to analyst estimates of $585.84 million. During the same period last year, the firm posted $1.19 earnings per share. Jack Henry & Associates's revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Keefe, Bruyette & Woods cut 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 report on Thursday, May 8th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a report on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.