Park Avenue Securities LLC Has $892,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Park Avenue Securities LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,883 shares of the technology company’s stock after acquiring an additional 215 shares during the period. Park Avenue Securities LLC’s holdings in Jack Henry & Associates were worth $892,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after acquiring an additional 643,697 shares during the period. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock worth $359,523,000 after acquiring an additional 471,507 shares during the period. GAMMA Investing LLC lifted its position in shares of Jack Henry & Associates by 19,937.4% in the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company’s stock worth $853,240,000 after acquiring an additional 464,941 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Jack Henry & Associates by 170.6% in the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company’s stock worth $102,278,000 after acquiring an additional 367,806 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. UBS Group reduced their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Finally, Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and a consensus target price of $184.10.

Jack Henry & Associates Stock Performance

JKHY opened at $180.18 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The firm has a market capitalization of $13.12 billion, a PE ratio of 32.52, a PEG ratio of 3.36 and a beta of 0.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50-day simple moving average is $176.30 and its 200 day simple moving average is $175.52.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates’s payout ratio is 39.52%.

Jack Henry & Associates Company 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.