State of Alaska Department of Revenue Cuts Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

State of Alaska Department of Revenue reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,510 shares of the technology company’s stock after selling 3,920 shares during the period. State of Alaska Department of Revenue’s holdings in Jack Henry & Associates were worth $6,167,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc grew its holdings in shares of Jack Henry & Associates by 327.7% during the 4th quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock valued at $89,023,000 after purchasing an additional 417,401 shares during the last quarter. APG Asset Management US Inc. bought a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $54,552,000. Assenagon Asset Management S.A. increased its holdings in shares of Jack Henry & Associates by 1,587.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company’s stock worth $56,706,000 after buying an additional 326,448 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Jack Henry & Associates by 96.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after buying an additional 277,945 shares during the period. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Jack Henry & Associates by 250.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after acquiring an additional 208,322 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $163.65 on Thursday. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. 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 company’s 50-day simple moving average is $165.13 and its two-hundred day simple moving average is $167.73. The stock has a market capitalization of $11.93 billion, a P/E ratio of 31.59, a P/E/G ratio of 3.85 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. Jack Henry & Associates’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict 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. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.47%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Wolfe Research began coverage on shares of Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Evercore ISI upped their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, Robert W. Baird boosted their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $174.67.

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.