AIA Group Ltd Purchases 416 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

AIA Group Ltd grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 66.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,044 shares of the technology company’s stock after acquiring an additional 416 shares during the period. AIA Group Ltd’s holdings in Jack Henry & Associates were worth $206,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $26,000. Bivin & Associates Inc. acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $28,000. Concord Wealth Partners increased its holdings in shares of Jack Henry & Associates by 2,250.0% in the first quarter. Concord Wealth Partners now owns 141 shares of the technology company’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $37,000. Finally, National Bank of Canada FI acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $39,000. Institutional investors own 89.58% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of research reports. Morgan Stanley initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, June 15th. They issued an “equal weight” rating and a $190.00 price target for the company. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates Price Performance

JKHY opened at $211.07 on Friday. The company has a fifty day moving average price of $188.38 and a two-hundred day moving average price of $184.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Jack Henry & Associates, Inc. has a 52 week low of $147.50 and a 52 week high of $211.31. The firm has a market capitalization of $15.38 billion, a PE ratio of 43.25, a P/E/G ratio of 4.49 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.10. Jack Henry & Associates had a net margin of 18.81% and a return on equity of 27.04%. The firm had revenue of $478.30 million during the quarter, compared to analyst estimates of $475.52 million. During the same quarter in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 4.72 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 27th were paid a $0.49 dividend. The ex-dividend date was Thursday, May 26th. This represents a $1.96 dividend on an annualized basis and a yield of 0.93%. Jack Henry & Associates’s payout ratio is 40.16%.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.