Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,096 shares of the technology company’s stock after selling 7,767 shares during the period. New York State Common Retirement Fund owned approximately 0.14% of Jack Henry & Associates worth $17,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JKHY. Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 159.4% in the 3rd quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock valued at $96,000 after acquiring an additional 357 shares in the last quarter. Signaturefd LLC lifted its position in shares of Jack Henry & Associates by 13.0% in the 3rd quarter. Signaturefd LLC now owns 1,090 shares of the technology company’s stock valued at $192,000 after acquiring an additional 125 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Jack Henry & Associates by 5.6% in the 3rd quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock valued at $867,000 after acquiring an additional 259 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Jack Henry & Associates by 17,507.4% in the 3rd quarter. International Assets Investment Management LLC now owns 66,732 shares of the technology company’s stock valued at $117,810,000 after acquiring an additional 66,353 shares in the last quarter. Finally, Outlook Wealth Advisors LLC lifted its position in shares of Jack Henry & Associates by 8.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 1,972 shares of the technology company’s stock valued at $348,000 after acquiring an additional 155 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $171.13 on Friday. The company’s fifty day moving average is $173.41 and its 200-day moving average is $174.85. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is 39.71%.

Wall Street Analyst Weigh In

JKHY has been the subject of several research analyst reports. UBS Group upped their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective on the stock. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.