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

UniSuper Management Pty Ltd boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 569.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 6,049 shares of the technology company’s stock after buying an additional 5,146 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Jack Henry & Associates were worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC lifted its stake in Jack Henry & Associates by 352.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after buying an additional 9,519 shares during the period. BNP Paribas Financial Markets raised its position in shares of Jack Henry & Associates by 36.6% during the fourth quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock worth $19,849,000 after purchasing an additional 32,537 shares during the period. Schwartz Investment Counsel Inc. raised its position in shares of Jack Henry & Associates by 14.5% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock worth $43,524,000 after purchasing an additional 33,700 shares during the period. GLOBALT Investments LLC GA acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth about $2,634,000. Finally, Torray Investment Partners LLC raised its position in shares of Jack Henry & Associates by 2.5% during the fourth quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock worth $1,464,000 after purchasing an additional 221 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ: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 stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $165.25 and its 200 day simple moving average is $167.87. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. The company had revenue of $538.56 million during 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%. Jack Henry & Associates’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis 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 42.47%.

Analyst Upgrades and Downgrades

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

Jack Henry & Associates 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.