New York Life Investment Management LLC Has $3.04 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New York Life Investment Management LLC lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,583 shares of the technology company’s stock after buying an additional 448 shares during the quarter. New York Life Investment Management LLC’s holdings in Jack Henry & Associates were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position 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 valued at $56,706,000 after buying an additional 326,448 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Jack Henry & Associates by 21.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after purchasing an additional 181,811 shares in the last quarter. Invesco Ltd. lifted its stake in Jack Henry & Associates by 15.3% during the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock worth $167,289,000 after purchasing an additional 147,143 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jack Henry & Associates by 66.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 356,819 shares of the technology company’s stock valued at $58,308,000 after purchasing an additional 142,878 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 4,881.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 127,730 shares of the technology company’s stock valued at $19,305,000 after purchasing an additional 125,166 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $164.18 on Monday. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.84 and a beta of 0.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The stock has a fifty day simple moving average of $169.52 and a 200 day simple moving average of $163.94.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.12. The business had revenue of $545.70 million during the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.12 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a $0.55 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.34%. Jack Henry & Associates’s payout ratio is presently 43.05%.

Analyst Ratings Changes

Several analysts recently weighed in on JKHY shares. Citigroup initiated coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. Evercore ISI raised their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.