Mitsubishi UFJ Trust & Banking Corp Has $35.32 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 41.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,503 shares of the technology company's stock after buying an additional 58,989 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.28% of Jack Henry & Associates worth $35,323,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JKHY. D.A. Davidson & CO. lifted its holdings in Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company's stock worth $877,000 after acquiring an additional 61 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Jack Henry & Associates by 0.7% in the 3rd 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 last quarter. Willis Investment Counsel lifted its holdings in shares of Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock worth $640,000 after purchasing an additional 68 shares during the last quarter. Torray Investment Partners LLC grew its stake in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after buying an additional 76 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after buying an additional 79 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

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Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $0.73 on Friday, reaching $178.59. The company's stock had a trading volume of 327,587 shares, compared to its average volume of 518,254. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $174.65 and a 200 day moving average price of $176.32. The firm has a market cap of $13.02 billion, a PE ratio of 32.24, a price-to-earnings-growth 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 analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were issued a $0.58 dividend. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 41.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JKHY. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus target price of $186.80.

About Jack Henry & Associates

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.