Sumitomo Mitsui Trust Group Inc. Has $32.58 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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

Several other institutional investors have also made changes to their positions in the business. AdvisorNet Financial Inc raised its position in Jack Henry & Associates by 9.8% in the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after purchasing an additional 75 shares in the last quarter. Smith Shellnut Wilson LLC ADV grew its stake in shares of Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after purchasing an additional 77 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Jack Henry & Associates by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after buying an additional 79 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of Jack Henry & Associates by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after buying an additional 85 shares during the period. Finally, Freedom Investment Management Inc. lifted its position in shares of Jack Henry & Associates by 4.5% during the 4th quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after buying an additional 85 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 1.5%

Shares of NASDAQ JKHY opened at $179.42 on Thursday. Jack Henry & Associates, Inc. has a 1-year low of $158.62 and a 1-year high of $196.00. The company has a 50-day moving average of $179.11 and a two-hundred day moving average of $175.99. The company 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 company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping 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 firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the company posted $1.19 EPS. Jack Henry & Associates's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.29%. Jack Henry & Associates's payout ratio is 39.52%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. UBS Group reduced their target price 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. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. 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. 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 given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.

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