Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Trimmed by CIBC Asset Management Inc

CIBC Asset Management Inc lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,672 shares of the technology company’s stock after selling 374 shares during the quarter. CIBC Asset Management Inc’s holdings in Jack Henry & Associates were worth $1,744,000 as of its most recent SEC filing.

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

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $164.78 on Friday. The firm has a market cap of $12.01 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 4.25 and a beta of 0.62. The stock’s fifty day moving average price is $166.60 and its two-hundred day moving average price is $167.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last announced its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.02. The business had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, May 28th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, May 24th. Jack Henry & Associates’s payout ratio is presently 42.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of 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 reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Evercore ISI upped their price target on Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $174.42.

Check Out Our Latest Stock Analysis on Jack Henry & Associates

About Jack Henry & Associates

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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