Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ: JKHY – Get Rating) by 11.8% in the 1st quarter, according to the company in its most recent communication with the Securities & Exchange Commission. The company held 41,198 shares of the technology company after buying an additional 4,358 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.06% of Jack Henry & Associates worth $8,118,000 when last filed with the Securities & Exchange Commission.
A number of other institutional investors also changed their stake in the company. Yousif Capital Management LLC bought a new position in Jack Henry & Associates in Q4 valued at approximately $1,892,000. CWM LLC bought a new position in Jack Henry & Associates in the fourth quarter worth $168,000. Fifth Third Bancorp increased its stake in Jack Henry & Associates by 53.5% during the fourth quarter. Fifth Third Bancorp now owns 1,122 shares of the technology company worth $187,000 after buying 391 additional shares during the period. DekaBank Deutsche Girozentrale increased its position in Jack Henry & Associates by 13.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 18,902 shares of the technology company valued at $3,165,000 after buying 2,186 additional shares last quarter. Finally, Hartford Investment Management Co. increased its stake in Jack Henry & Associates shares by 8.2% in the fourth quarter. Hartford Investment Management Co. now owns 7,499 shares of the technology company valued at $1,252,000 after buying 568 additional shares during the period. 89.58% of the shares are held by institutional investors and hedge funds.
Wall Street analysts predict growth
JKHY has been the subject of several analyst reports. Morgan Stanley assumed coverage for Jack Henry & Associates shares in a Wednesday, June 15 report. They issued an “equal weight” rating and a target price of $190.00 on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a Thursday, July 21 research rating. Seven research analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $185.11.
Price performance of Jack Henry & Associates
Shares of JKHY opened at $209.16 on Thursday. The company has a debt ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Jack Henry & Associates, Inc. has a 1-year low of $147.50 and a 1-year high of $212.62. The stock has a market capitalization of $15.24 billion, a PE ratio of 42.86, a growth price-earnings ratio of 4.55 and a beta of 0.63. The company has a fifty-day moving average price of $189.72 and a 200-day moving average price of $185.50.
Jack Henry & Associates Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Friday, May 27 received a dividend of $0.49 per share. This represents a dividend of $1.96 on an annualized basis and a yield of 0.94%. The ex-dividend date was Thursday, May 26. Jack Henry & Associates’ dividend payout ratio is currently 40.16%.
About Jack Henry & Associates
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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community institutions to multi-billion dollar asset institutions under the Jack Henry Banking brand; master data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, payment imaging and processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and businesses under the ProfitStars brand.
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