Mitsubishi UFJ Asset Management Co. Ltd. Has $229.06 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 95.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,318,691 shares of the technology company's stock after purchasing an additional 643,697 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 1.81% of Jack Henry & Associates worth $229,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Jack Henry & Associates by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock worth $1,544,634,000 after buying an additional 157,360 shares in the last quarter. State Street Corp lifted its stake in shares of Jack Henry & Associates by 1.7% during the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after acquiring an additional 67,716 shares during the period. JPMorgan Chase & Co. boosted its holdings in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Jack Henry & Associates by 7.1% in the fourth quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock valued at $162,223,000 after acquiring an additional 61,600 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after purchasing an additional 263,021 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. Finally, Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average price target of $186.80.

Jack Henry & Associates Stock Down 0.4 %

Shares of Jack Henry & Associates stock traded down $0.73 on Friday, hitting $178.59. The company had a trading volume of 327,587 shares, compared to its average volume of 518,254. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50-day moving average of $174.65 and a 200-day moving average of $176.32. The firm has a market capitalization of $13.02 billion, a P/E ratio of 32.24, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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%. Research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.30%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio is 41.88%.

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.