UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 571,974 shares of the technology company's stock after purchasing an additional 124,927 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.78% of Jack Henry & Associates worth $100,267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JKHY. National Pension Service bought a new stake in Jack Henry & Associates in the 4th quarter valued at $27,000. Atala Financial Inc acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $40,000. Manchester Capital Management LLC grew its position in shares of Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock worth $42,000 after buying an additional 235 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth approximately $54,000. Finally, Tortoise Investment Management LLC grew its holdings in Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after purchasing an additional 143 shares during the period. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JKHY. The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Keefe, Bruyette & Woods dropped 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 report on Thursday, May 8th. Finally, UBS Group dropped 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Stock Down 1.3%

Shares of JKHY traded down $2.34 during trading hours on Thursday, reaching $179.19. The stock had a trading volume of 295,356 shares, compared to its average volume of 568,945. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The firm has a 50-day simple moving average of $176.07 and a 200 day simple moving average of $175.04. 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 company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 32.27, 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 data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same period last year, the business earned $1.19 EPS. The business's revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's payout ratio is 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.