Mitsubishi UFJ Trust & Banking Corp Has $21.51 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 4.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,327 shares of the technology company’s stock after selling 6,538 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Jack Henry & Associates worth $21,511,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of JKHY. Fairfield Bush & CO. purchased a new stake in Jack Henry & Associates in the 1st quarter valued at $104,000. American Century Companies Inc. raised its position in Jack Henry & Associates by 36.3% in the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock valued at $1,258,000 after buying an additional 1,701 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Jack Henry & Associates in the 1st quarter valued at $208,000. D.A. Davidson & CO. purchased a new stake in Jack Henry & Associates in the 1st quarter valued at $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Jack Henry & Associates by 4.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock valued at $1,920,000 after buying an additional 451 shares during the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Bank of America raised Jack Henry & Associates from a “neutral” rating to a “buy” rating and raised their target price for the company from $167.00 to $186.00 in a research report on Wednesday, December 6th. Oppenheimer decreased their target price on Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating for the company in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $176.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, January 30th. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $170.92.

Get Our Latest Analysis on Jack Henry & Associates

Jack Henry & Associates Stock Up 1.1 %

Shares of NASDAQ JKHY opened at $175.93 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $176.10. The business has a 50-day simple moving average of $166.25 and a two-hundred day simple moving average of $158.19. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The company has a market cap of $12.82 billion, a P/E ratio of 34.43, a P/E/G ratio of 4.12 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its earnings results on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. During the same quarter last year, the company earned $1.10 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a dividend of $0.52 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.18%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.70%.

Insider Activity at Jack Henry & Associates

In related news, SVP Stacey E. Zengel sold 326 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $165.10, for a total transaction of $53,822.60. Following the transaction, the senior vice president now directly owns 5,410 shares of the company’s stock, valued at approximately $893,191. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.58% of the stock is currently owned by insiders.

Jack Henry & Associates Company Profile

(Free Report)

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.

See Also

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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