UniSuper Management Pty Ltd Acquires 5,146 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

UniSuper Management Pty Ltd increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 569.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,049 shares of the technology company’s stock after acquiring an additional 5,146 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Jack Henry & Associates were worth $1,051,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after acquiring an additional 39,456 shares during the period. CIBC Private Wealth Group LLC increased its position in Jack Henry & Associates by 1.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after acquiring an additional 24,910 shares during the period. Handelsbanken Fonder AB increased its position in Jack Henry & Associates by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after acquiring an additional 75,200 shares during the period. Goldman Sachs Group Inc. increased its holdings in Jack Henry & Associates by 32.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after buying an additional 171,477 shares during the period. Finally, TD Asset Management Inc increased its holdings in Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after buying an additional 139,582 shares during the period. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on JKHY. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson reaffirmed a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Evercore ISI lifted their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $174.67.

Jack Henry & Associates Price Performance

Shares of JKHY traded up $0.86 during mid-day trading on Wednesday, hitting $167.93. 346,030 shares of the stock were exchanged, compared to its average volume of 431,988. The company has a market cap of $12.24 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The firm has a 50-day moving average of $165.25 and a two-hundred day moving average of $167.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. The business had revenue of $538.56 million for the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.