UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $100.27 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 571,974 shares of the technology company's stock after purchasing an additional 124,927 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of Jack Henry & Associates worth $100,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth $27,000. Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth $40,000. Manchester Capital Management LLC increased its holdings 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 last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth $54,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after buying an additional 143 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on 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. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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 upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment 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. According to MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Stock Up 1.4%

Shares of JKHY traded up $2.59 during mid-day trading on Tuesday, reaching $184.59. 825,818 shares of the stock traded hands, compared to its average volume of 570,215. The firm has a market cap of $13.44 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 3.36 and a beta of 0.75. The stock has a fifty day simple moving average of $175.89 and a 200 day simple moving average of $174.99. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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, beating analysts' consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be issued 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 1.26%. Jack Henry & Associates's dividend 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.