Norinchukin Bank The Sells 1,880 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Norinchukin Bank The decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 188,576 shares of the technology company's stock after selling 1,880 shares during the quarter. Jack Henry & Associates makes up about 0.7% of Norinchukin Bank The's investment portfolio, making the stock its 28th largest position. Norinchukin Bank The owned approximately 0.26% of Jack Henry & Associates worth $33,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JKHY. Raymond James Financial Inc. bought a new position in Jack Henry & Associates during the fourth quarter worth about $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Jack Henry & Associates by 95.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after purchasing an additional 643,697 shares in the last quarter. Invesco Ltd. raised its holdings in Jack Henry & Associates by 29.9% in the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock worth $359,523,000 after purchasing an additional 471,507 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Jack Henry & Associates by 406.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after acquiring an additional 279,628 shares during the period. Finally, Norges Bank bought a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $48,834,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. 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. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have given 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 price target of $186.45.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded down $0.39 during mid-day trading on Thursday, reaching $172.82. The company had a trading volume of 224,286 shares, compared to its average volume of 538,759. The business's 50-day simple moving average is $174.69 and its 200 day simple moving average is $175.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.36 and a beta of 0.71.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.

About Jack Henry & Associates

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.