Mitsubishi UFJ Asset Management Co. Ltd. Acquires 643,697 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 95.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,318,691 shares of the technology company’s stock after buying an additional 643,697 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 1.81% of Jack Henry & Associates worth $229,057,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Korea Investment CORP grew its position in Jack Henry & Associates by 176.5% in the 4th quarter. Korea Investment CORP now owns 38,534 shares of the technology company’s stock valued at $6,755,000 after acquiring an additional 24,600 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Jack Henry & Associates in the 4th quarter worth $719,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Jack Henry & Associates by 41.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,503 shares of the technology company’s stock worth $35,323,000 after purchasing an additional 58,989 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Jack Henry & Associates by 5.5% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 25,238 shares of the technology company’s stock valued at $4,424,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Zions Bancorporation N.A. grew its stake in Jack Henry & Associates by 23.5% in the fourth quarter. Zions Bancorporation N.A. now owns 10,709 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 2,041 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. One equities research 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 data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $179.39 on Thursday. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm’s fifty day moving average price is $174.41 and its 200 day moving average price is $176.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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%. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid 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 dividend yield of 1.29%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 41.88%.

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.