American International Group Inc. Lowers Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

American International Group Inc. lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,297 shares of the technology company’s stock after selling 715 shares during the period. American International Group Inc.’s holdings in Jack Henry & Associates were worth $3,153,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JKHY. Planned Solutions Inc. purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $33,000. Anchor Investment Management LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $35,000. VisionPoint Advisory Group LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $44,000. Federated Hermes Inc. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at approximately $72,000. Finally, GAMMA Investing LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $79,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.2 %

Shares of NASDAQ:JKHY opened at $166.43 on Tuesday. The business has a 50-day moving average price of $165.10 and a 200 day moving average price of $167.76. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 4.28 and a beta of 0.62. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37.

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 analysts’ consensus estimates of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s payout ratio is 42.47%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. DA Davidson restated a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, April 30th. Wolfe Research assumed coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI raised their price objective on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. One investment 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $174.42.

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.