United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the technology company’s stock, valued at approximately $719,000.

A number of other large investors have also recently bought and sold shares of JKHY. PNC Financial Services Group Inc. increased its stake in Jack Henry & Associates by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after acquiring an additional 453 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Jack Henry & Associates by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after purchasing an additional 2,324 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Jack Henry & Associates by 0.5% during the 3rd quarter. Citigroup Inc. now owns 124,308 shares of the technology company’s stock worth $21,945,000 after buying an additional 611 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Jack Henry & Associates by 29.0% during the 3rd quarter. Cerity Partners LLC now owns 6,236 shares of the technology company’s stock worth $1,101,000 after buying an additional 1,403 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Jack Henry & Associates by 13.0% in the third quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock valued at $1,581,000 after buying an additional 1,031 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on JKHY shares. Wells Fargo & Company started 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. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $174.78 on Wednesday. The business has a 50-day moving average of $174.26 and a 200-day moving average of $176.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $12.74 billion, a price-to-earnings ratio of 31.55, 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.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.32 annualized dividend and a yield of 1.33%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio 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.