Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Acquired by UBS Group AG

UBS Group AG boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,073 shares of the technology company’s stock after purchasing an additional 4,369 shares during the period. UBS Group AG’s holdings in Jack Henry & Associates were worth $12,478,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. grew its holdings in Jack Henry & Associates by 73.7% during the 3rd quarter. Hanseatic Management Services Inc. now owns 205 shares of the technology company’s stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Ellevest Inc. grew its holdings in Jack Henry & Associates by 420.0% during the 3rd quarter. Ellevest Inc. now owns 208 shares of the technology company’s stock worth $38,000 after acquiring an additional 168 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 91.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 218 shares of the technology company’s stock worth $39,000 after buying an additional 104 shares during the last quarter. Guardian Wealth Advisors LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $47,000. Finally, Atlas Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the 3rd quarter worth about $53,000. 90.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In other news, Director Laura G. Kelly bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were acquired at an average cost of $145.29 per share, with a total value of $145,290.00. Following the completion of the transaction, the director now directly owns 16,194 shares in the company, valued at approximately $2,352,826.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. Oppenheimer reduced their price target on shares of Jack Henry & Associates from $181.00 to $176.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 19th. StockNews.com started coverage on shares of Jack Henry & Associates in a research report on Thursday. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Jack Henry & Associates from $185.00 to $164.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 11th. DA Davidson cut their price objective on shares of Jack Henry & Associates from $188.00 to $180.00 in a research report on Wednesday, April 26th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $184.00 price target (down from $193.00) on shares of Jack Henry & Associates in a research report on Thursday, February 9th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $177.40.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $148.80 on Monday. The firm’s 50 day moving average is $151.98 and its 200-day moving average is $168.34. The stock has a market capitalization of $10.84 billion, a P/E ratio of 31.13, a P/E/G ratio of 3.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.52. Jack Henry & Associates, Inc. has a 12-month low of $139.28 and a 12-month high of $212.62.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. The company had revenue of $508.55 million for the quarter, compared to analysts’ expectations of $500.76 million. Jack Henry & Associates had a net margin of 17.24% and a return on equity of 23.71%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 4.82 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 26th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, May 25th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.51%.

About Jack Henry & Associates

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.