Mutual of America Capital Management LLC Sells 263 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Mutual of America Capital Management LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,477 shares of the technology company’s stock after selling 263 shares during the period. Mutual of America Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,548,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after purchasing an additional 643,697 shares during the last quarter. Invesco Ltd. lifted its stake in Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock worth $359,523,000 after purchasing an additional 471,507 shares during the last quarter. GAMMA Investing LLC lifted its stake in Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company’s stock worth $853,240,000 after purchasing an additional 464,941 shares during the last quarter. Deutsche Bank AG lifted its stake in Jack Henry & Associates by 170.6% during the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company’s stock worth $102,278,000 after purchasing an additional 367,806 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company’s stock worth $61,083,000 after purchasing an additional 279,628 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 0.3%

Shares of NASDAQ:JKHY opened at $178.64 on Monday. The firm has a market cap of $13.01 billion, a P/E ratio of 30.43 and a beta of 0.72. Jack Henry & Associates, Inc. has a 12-month low of $160.23 and a 12-month high of $196.00. The business has a fifty day simple moving average of $180.30 and a 200 day simple moving average of $176.20. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period last year, the company earned $1.19 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a research note on Wednesday, April 2nd. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $185.11.

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.