Universal Beteiligungs und Servicegesellschaft mbH Purchases 3,996 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Jack Henry & Associates by 14.1%, owning 32,369 shares valued at approximately $5.91 million at the end of Q1.
• Institutional investors collectively hold 98.75% of Jack Henry & Associates' shares, indicating strong interest from major financial entities.
• Jack Henry & Associates reported quarterly earnings of $1.52 per share, exceeding expectations, but also forecasted an average EPS of 5.83 for the current year.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,369 shares of the technology company's stock after purchasing an additional 3,996 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Jack Henry & Associates were worth $5,911,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in JKHY. Axxcess Wealth Management LLC boosted its holdings in Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Jack Henry & Associates by 9.8% in the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after acquiring an additional 75 shares in the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in shares of Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after acquiring an additional 77 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 4.5% in the 4th quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after acquiring an additional 85 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Jack Henry & Associates by 0.6% in the 4th quarter. Synovus Financial Corp now owns 16,195 shares of the technology company's stock worth $2,839,000 after acquiring an additional 93 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

JKHY traded down $1.04 on Thursday, hitting $172.31. The company's stock had a trading volume of 145,596 shares, compared to its average volume of 609,221. The company's 50 day simple moving average is $179.60 and its 200-day simple moving average is $176.43. The firm has a market cap of $12.55 billion, a P/E ratio of 29.37 and a beta of 0.72. Jack Henry & Associates, Inc. has a 12 month low of $160.23 and a 12 month high of $196.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. The company 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 for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on 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. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. UBS Group dropped 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 research report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and a consensus target price of $185.11.

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.