Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 582.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,222 shares of the technology company's stock after acquiring an additional 43,721 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Jack Henry & Associates worth $9,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its holdings in Jack Henry & Associates by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,702 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 119 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Jack Henry & Associates in the 4th quarter valued at about $5,931,000. Metis Global Partners LLC grew its stake in shares of Jack Henry & Associates by 3.9% during the fourth quarter. Metis Global Partners LLC now owns 2,425 shares of the technology company's stock valued at $425,000 after acquiring an additional 91 shares in the last quarter. Bridges Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 13.0% during the fourth quarter. Bridges Investment Management Inc. now owns 3,679 shares of the technology company's stock valued at $645,000 after acquiring an additional 423 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in shares of Jack Henry & Associates by 7.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,475 shares of the technology company's stock worth $259,000 after acquiring an additional 106 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of analyst reports. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods dropped their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. UBS Group reduced 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 research note on Thursday, May 8th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average target price of $185.11.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $1.99 during trading on Friday, reaching $181.41. 245,514 shares of the company's stock traded hands, compared to its average volume of 570,432. 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, Inc. has a 12 month low of $158.62 and a 12 month high of $196.00. The company has a 50 day moving average of $179.50 and a 200-day moving average of $176.04. The stock has a market capitalization of $13.21 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 22.07% and a net margin of 18.50%. Jack Henry & Associates's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Jack Henry & Associates Company 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.