United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,100 shares of the technology company's stock, valued at approximately $719,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Jack Henry & Associates by 41.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,503 shares of the technology company's stock worth $35,323,000 after acquiring an additional 58,989 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Jack Henry & Associates by 5.5% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,238 shares of the technology company's stock worth $4,424,000 after purchasing an additional 1,319 shares in the last quarter. Zions Bancorporation N.A. lifted its position in shares of Jack Henry & Associates by 23.5% in the 4th quarter. Zions Bancorporation N.A. now owns 10,709 shares of the technology company's stock worth $1,877,000 after purchasing an additional 2,041 shares during the period. ICW Investment Advisors LLC boosted its stake in shares of Jack Henry & Associates by 2.0% during the 4th quarter. ICW Investment Advisors LLC now owns 7,162 shares of the technology company's stock valued at $1,256,000 after purchasing an additional 142 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Jack Henry & Associates by 1.8% in the fourth 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. Institutional investors own 98.75% of the company's stock.

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Jack Henry & Associates Stock Down 0.4 %

Shares of NASDAQ JKHY traded down $0.73 during midday trading on Friday, hitting $178.59. The stock had a trading volume of 327,587 shares, compared to its average volume of 518,254. The business's 50 day moving average is $174.65 and its 200-day moving average is $176.32. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company has a market cap of $13.02 billion, a P/E ratio of 32.24, a PEG ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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%. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Wells Fargo & Company started coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 price target on the stock. Finally, Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.