Union Bancaire Privee UBP SA Has $1.64 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Union Bancaire Privee UBP SA lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 48.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,913 shares of the technology company's stock after selling 8,273 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Jack Henry & Associates were worth $1,642,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after purchasing an additional 157,360 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the last quarter. Geode Capital Management LLC lifted its stake in Jack Henry & Associates by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after acquiring an additional 24,709 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after acquiring an additional 643,697 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Jack Henry & Associates by 8.9% in the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after acquiring an additional 82,100 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on 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. UBS Group reduced their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research note on Wednesday, April 2nd. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Stock Down 0.6%

Shares of NASDAQ JKHY traded down $1.08 during mid-day trading on Friday, reaching $179.10. 483,014 shares of the company traded hands, compared to its average volume of 571,249. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $13.04 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 3.36 and a beta of 0.73. The company's fifty day moving average is $176.83 and its two-hundred day moving average is $175.62. Jack Henry & Associates, Inc. has a fifty-two week low of $158.62 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, analysts expect 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 will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's dividend 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.