Mirae Asset Global Investments Co. Ltd. Buys 1,718 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,501 shares of the technology company's stock after purchasing an additional 1,718 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Jack Henry & Associates were worth $1,326,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its position in Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company's stock valued at $277,000 after purchasing an additional 54 shares during the period. Bridges Investment Management Inc. grew its holdings in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company's stock worth $575,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Jack Henry & Associates by 1.2% in the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock valued at $877,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC grew its stake in Jack Henry & Associates by 0.7% in the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company's stock worth $1,695,000 after purchasing an additional 67 shares during the period. Finally, Willis Investment Counsel lifted its position in Jack Henry & Associates by 1.9% during the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after buying an additional 68 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.5 %

Shares of Jack Henry & Associates stock traded down $0.78 on Wednesday, reaching $170.19. The company's stock had a trading volume of 378,341 shares, compared to its average volume of 591,912. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. The firm's fifty day simple moving average is $174.65 and its two-hundred day simple moving average is $174.92. 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 company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 30.72, a P/E/G ratio of 3.46 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

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

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 7th. Stephens restated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. StockNews.com downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group boosted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $186.80.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by insiders.

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.