Quantinno Capital Management LP Purchases 5,496 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quantinno Capital Management LP increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,509 shares of the technology company's stock after buying an additional 5,496 shares during the quarter. Quantinno Capital Management LP's holdings in Jack Henry & Associates were worth $5,348,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in JKHY. Mufg Securities Americas Inc. purchased a new stake in Jack Henry & Associates in the fourth quarter worth $189,000. Man Group plc grew its stake in shares of Jack Henry & Associates by 1,334.6% during the 4th quarter. Man Group plc now owns 73,581 shares of the technology company's stock worth $12,899,000 after acquiring an additional 68,452 shares during the period. Nomura Holdings Inc. bought a new position in shares of Jack Henry & Associates during the 4th quarter worth $421,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Jack Henry & Associates by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,763 shares of the technology company's stock worth $11,178,000 after acquiring an additional 2,535 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its stake in Jack Henry & Associates by 7.4% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,632 shares of the technology company's stock valued at $286,000 after acquiring an additional 113 shares during the period. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded down $3.04 during trading on Wednesday, hitting $182.98. The stock had a trading volume of 662,325 shares, compared to its average volume of 565,286. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The business's 50-day moving average is $175.41 and its 200 day moving average is $175.02. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results 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. The firm 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 21.55% and a net margin of 17.83%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.19 EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JKHY. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. 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. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group dropped their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $184.10.

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.