Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Jack Henry & Associates by 3.7% during the first quarter, now owning approximately 1.88% of the company valued at $249.6 million.
• Several other institutional investors have also boosted their holdings, including Invesco Ltd. and AQR Capital Management, contributing to a total institutional ownership of 98.75% in Jack Henry & Associates.
• Jack Henry & Associates recently declared a quarterly dividend of $0.58 per share, with an annualized yield of 1.4% and a payout ratio of 39.52%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,367,002 shares of the technology company's stock after acquiring an additional 48,311 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 1.88% of Jack Henry & Associates worth $249,615,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Jack Henry & Associates during the 1st quarter valued at $38,000. Assetmark Inc. lifted its stake in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after acquiring an additional 149 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates during the 4th quarter valued at $54,000. Menard Financial Group LLC bought a new position in Jack Henry & Associates during the 4th quarter valued at $60,000. Finally, Global X Japan Co. Ltd. bought a new position in Jack Henry & Associates during the 1st quarter valued at $70,000. 98.75% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $2.53 during midday trading on Friday, reaching $161.56. The stock had a trading volume of 885,112 shares, compared to its average volume of 509,686. Jack Henry & Associates, Inc. has a 12 month low of $160.23 and a 12 month high of $196.00. The firm's 50-day moving average price is $177.46 and its 200 day moving average price is $176.12. The firm has a market capitalization of $11.76 billion, a PE ratio of 27.52 and a beta of 0.73. 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 announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same period in the previous year, the business posted $1.19 EPS. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JKHY has been the topic of several recent analyst reports. UBS Group dropped their price objective on 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. Keefe, Bruyette & Woods lowered their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and an average target price of $185.11.

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.