Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,675 shares of the technology company's stock after purchasing an additional 9,537 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Jack Henry & Associates worth $30,484,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of JKHY. Strategic Financial Concepts LLC acquired a new stake in Jack Henry & Associates during the second quarter worth approximately $25,000. Tortoise Investment Management LLC raised its stake in Jack Henry & Associates by 76.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock worth $27,000 after acquiring an additional 71 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in Jack Henry & Associates in the first quarter valued at $30,000. Blue Trust Inc. boosted its stake in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the third quarter worth about $48,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY traded up $0.76 during trading hours on Friday, hitting $173.21. 1,734,081 shares of the stock were exchanged, compared to its average volume of 542,848. Jack Henry & Associates, Inc. has a 12-month low of $151.05 and a 12-month high of $189.63. The stock has a 50-day moving average of $179.46 and a 200 day moving average of $170.99. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 3.26 and a beta of 0.63. The company has a quick ratio of 1.00, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the business posted $1.39 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates's payout ratio is currently 40.29%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Stephens reiterated an "equal weight" rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Robert W. Baird increased their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Compass Point initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a "neutral" rating and a $186.00 target price on the stock. Finally, UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $188.73.

Jack Henry & Associates Company Profile

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.