Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Lifted by Mirae Asset Global Investments Co. Ltd.

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

A number of other large investors have also made changes to their positions in JKHY. Vanguard Group Inc. lifted its holdings in shares of Jack Henry & Associates by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after acquiring an additional 157,360 shares during the last quarter. Invesco Ltd. grew its stake in Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after purchasing an additional 24,709 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Jack Henry & Associates by 8.9% in the first quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after acquiring an additional 82,100 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JKHY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut 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 report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. UBS Group decreased 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 note on Thursday, May 8th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research 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 issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Trading Down 1.5%

Shares of JKHY traded down $2.67 during mid-day trading on Wednesday, hitting $179.42. The company had a trading volume of 419,243 shares, compared to its average volume of 570,539. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a market cap of $13.07 billion, a PE ratio of 30.57, a P/E/G ratio of 2.94 and a beta of 0.72. The business's 50-day simple moving average is $179.11 and its 200-day simple moving average is $175.99. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.29%. Jack Henry & Associates's dividend payout ratio is presently 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.