UniSuper Management Pty Ltd Has $2.02 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UniSuper Management Pty Ltd increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,526 shares of the technology company's stock after buying an additional 1,613 shares during the quarter. UniSuper Management Pty Ltd's holdings in Jack Henry & Associates were worth $2,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 157,360 shares in the last quarter. State Street Corp boosted its stake in 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 worth $702,039,000 after buying an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after buying an additional 131,515 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Jack Henry & Associates by 7.1% in the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company's stock valued at $162,223,000 after buying an additional 61,600 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

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Jack Henry & Associates Price Performance

Jack Henry & Associates stock traded down $11.98 on Friday, reaching $172.62. The company's stock had a trading volume of 879,744 shares, compared to its average volume of 524,267. The business's fifty day moving average price is $175.42 and its 200 day moving average price is $176.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00.

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 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 expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's payout ratio is 41.88%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $186.45.

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.