Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,501 shares of the technology company’s stock after selling 3,892 shares during the quarter. California Public Employees Retirement System owned 0.64% of Jack Henry & Associates worth $76,068,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Jack Henry & Associates by 1.3% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after purchasing an additional 46,534 shares in the last quarter. Invesco Ltd. boosted its position in shares of Jack Henry & Associates by 15.3% in the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock worth $167,289,000 after buying an additional 147,143 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Jack Henry & Associates by 21.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock worth $157,654,000 after buying an additional 181,811 shares during the period. Northern Trust Corp boosted its position in shares of Jack Henry & Associates by 3.5% in the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock worth $123,744,000 after buying an additional 28,017 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in shares of Jack Henry & Associates by 10.9% in the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock worth $124,943,000 after buying an additional 75,200 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several analyst reports. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Wolfe Research initiated coverage on Jack Henry & Associates in a report on Thursday, March 7th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird increased their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Trading Down 0.8 %

Shares of NASDAQ JKHY opened at $165.20 on Thursday. The stock’s 50 day moving average price is $170.82 and its two-hundred day moving average price is $163.00. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The stock has a market capitalization of $12.04 billion, a P/E ratio of 32.33, a PEG ratio of 3.90 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 (NASDAQ:JKHY) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 annualized dividend and a yield of 1.33%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Jack Henry & Associates 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.