Mitsubishi UFJ Trust & Banking Corp Has $35.32 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,503 shares of the technology company’s stock after acquiring an additional 58,989 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.28% of Jack Henry & Associates worth $35,323,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JKHY. Fortitude Family Office LLC lifted its position in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $26,000. National Pension Service bought a new stake in Jack Henry & Associates in the 4th quarter valued at $27,000. ORG Partners LLC acquired a new position in Jack Henry & Associates in the 4th quarter valued at $35,000. Finally, Atala Financial Inc bought a new position in Jack Henry & Associates during the 4th quarter worth $40,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 2.6 %

Shares of JKHY stock opened at $179.39 on Thursday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The stock’s fifty day moving average price is $174.41 and its two-hundred day moving average price is $176.24. 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 $13.08 billion, a PE ratio of 32.38, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were given a dividend of $0.58 per share. 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 1.29%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analysts Set New Price Targets

Several research firms recently commented on JKHY. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Profile

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.