OMERS ADMINISTRATION Corp Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

OMERS ADMINISTRATION Corp cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 29.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,435 shares of the technology company's stock after selling 4,286 shares during the period. OMERS ADMINISTRATION Corp's holdings in Jack Henry & Associates were worth $1,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 during the period. Invesco Ltd. lifted its stake in Jack Henry & Associates by 29.9% during 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 in the last quarter. Deutsche Bank AG grew its stake in shares of Jack Henry & Associates by 170.6% in the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after buying an additional 367,806 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Jack Henry & Associates by 406.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company's stock valued at $61,083,000 after buying an additional 279,628 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded down $1.83 during mid-day trading on Wednesday, reaching $184.19. 232,842 shares of the company were exchanged, compared to its average volume of 563,604. The firm's 50-day simple moving average is $175.05 and its two-hundred day simple moving average is $174.89. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The firm has a market cap of $13.41 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. 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 (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. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same period last year, the firm posted $1.19 EPS. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. Equities 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. Shareholders of record on Thursday, May 29th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 39.52%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JKHY. The Goldman Sachs Group upgraded 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. StockNews.com raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. UBS Group dropped their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. 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 given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates 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.