Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.72 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,513 shares of the technology company’s stock after selling 357 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jack Henry & Associates were worth $2,719,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JKHY. Pathstone Holdings LLC boosted its position in shares of Jack Henry & Associates by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after purchasing an additional 669 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Jack Henry & Associates in the 3rd quarter valued at about $618,000. PNC Financial Services Group Inc. raised its stake in Jack Henry & Associates by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock worth $1,906,000 after buying an additional 453 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Jack Henry & Associates by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock worth $107,820,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in Jack Henry & Associates by 7.1% in the third quarter. Raymond James Trust N.A. now owns 5,146 shares of the technology company’s stock valued at $908,000 after acquiring an additional 342 shares during the period. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $172.82 on Tuesday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company’s 50 day moving average price is $174.21 and its two-hundred day moving average price is $176.18. The stock has a market cap of $12.60 billion, a P/E ratio of 31.20, a P/E/G ratio of 3.36 and a beta of 0.65. 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 issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a $0.58 dividend. 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 dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JKHY shares. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $186.80.

About Jack Henry & Associates

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.