Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 180,198 shares of the technology company's stock after buying an additional 7,523 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Jack Henry & Associates worth $31,589,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new position in Jack Henry & Associates during the fourth quarter valued at $2,643,000. Financial Advocates Investment Management lifted its stake in shares of Jack Henry & Associates by 9.1% during the 4th quarter. Financial Advocates Investment Management now owns 2,592 shares of the technology company's stock valued at $454,000 after buying an additional 216 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Jack Henry & Associates by 4.8% in the 4th quarter. Bleakley Financial Group LLC now owns 5,967 shares of the technology company's stock worth $1,046,000 after buying an additional 271 shares during the period. Tyche Wealth Partners LLC raised its holdings in Jack Henry & Associates by 159.7% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,992 shares of the technology company's stock valued at $700,000 after acquiring an additional 2,455 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Jack Henry & Associates by 29.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,501 shares of the technology company's stock valued at $1,326,000 after acquiring an additional 1,718 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on JKHY shares. UBS Group lifted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods boosted their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. William Blair cut shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $186.80.

Jack Henry & Associates Trading Down 0.5 %

JKHY traded down $0.78 on Wednesday, hitting $170.19. The company had a trading volume of 378,341 shares, compared to its average volume of 591,912. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. The business's fifty day simple moving average is $174.65 and its 200 day simple moving average is $174.92. The company has a market cap of $12.42 billion, a PE ratio of 30.72, a PEG ratio of 3.46 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share 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%. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.36%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 39.71%.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.37% of the company's stock.

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.