Aigen Investment Management LP Invests $1.02 Million in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Aigen Investment Management LP purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,762 shares of the technology company's stock, valued at approximately $1,017,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Jack Henry & Associates by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company's stock valued at $1,509,441,000 after buying an additional 39,456 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock valued at $657,158,000 after buying an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock valued at $175,342,000 after buying an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB grew its position in Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock valued at $152,495,000 after buying an additional 66,600 shares during the last quarter. Finally, TD Asset Management Inc grew its position in Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company's stock valued at $118,894,000 after buying an additional 139,582 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded down $2.16 during midday trading on Wednesday, hitting $174.95. 639,687 shares of the stock were exchanged, compared to its average volume of 448,498. The stock has a market cap of $12.76 billion, a P/E ratio of 32.04, a PEG ratio of 3.34 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a twelve month low of $151.05 and a twelve month high of $189.63. The company has a 50 day moving average price of $179.40 and a 200-day moving average price of $170.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million during the quarter, compared to analysts' expectations of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.26%. Jack Henry & Associates's dividend payout ratio (DPR) is 40.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Stephens reissued an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair downgraded Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 6th. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $188.73.

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.