Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,431 shares of the technology company's stock after selling 1,767 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Jack Henry & Associates worth $32,582,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in shares of Jack Henry & Associates by 169.0% during the first quarter. SG Americas Securities LLC now owns 3,349 shares of the technology company's stock valued at $612,000 after buying an additional 2,104 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Jack Henry & Associates by 11.4% during the first quarter. Asset Management One Co. Ltd. now owns 31,725 shares of the technology company's stock valued at $5,793,000 after acquiring an additional 3,237 shares during the last quarter. Enterprise Financial Services Corp purchased a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $900,000. Andra AP fonden boosted its stake in Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock valued at $5,241,000 after acquiring an additional 2,900 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Jack Henry & Associates by 9.7% in the first quarter. GAMMA Investing LLC now owns 2,559 shares of the technology company's stock worth $467,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JKHY shares. UBS Group lowered their price objective on 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. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a report on Wednesday, April 2nd. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, Keefe, Bruyette & Woods lowered their target price 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $185.11.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $1.99 during trading hours on Friday, reaching $181.41. The stock had a trading volume of 245,514 shares, compared to its average volume of 571,419. Jack Henry & Associates, Inc. has a 52-week low of $158.62 and a 52-week high of $196.00. The stock has a fifty day moving average of $179.50 and a 200 day moving average of $176.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap 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 released its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same period in the prior year, the firm earned $1.19 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. Jack Henry & Associates's payout ratio is currently 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.