Public Employees Retirement Association of Colorado Trims Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Public Employees Retirement Association of Colorado reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,267 shares of the technology company’s stock after selling 594 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.16% of Jack Henry & Associates worth $20,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Taylor Frigon Capital Management LLC increased its holdings in shares of Jack Henry & Associates by 0.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after purchasing an additional 62 shares during the period. Czech National Bank increased its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock valued at $2,227,000 after purchasing an additional 65 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of Jack Henry & Associates by 3.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,783 shares of the technology company’s stock valued at $455,000 after purchasing an additional 80 shares during the period. Empirical Finance LLC increased its holdings in shares of Jack Henry & Associates by 3.7% during the first quarter. Empirical Finance LLC now owns 2,482 shares of the technology company’s stock valued at $431,000 after purchasing an additional 88 shares during the period. Finally, Cardinal Capital Management increased its holdings in shares of Jack Henry & Associates by 0.7% during the fourth quarter. Cardinal Capital Management now owns 13,380 shares of the technology company’s stock valued at $2,186,000 after purchasing an additional 89 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.5 %

Shares of Jack Henry & Associates stock traded up $0.87 during trading hours on Monday, hitting $171.20. The company’s stock had a trading volume of 85,105 shares, compared to its average volume of 427,574. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a 50 day moving average of $165.24 and a 200 day moving average of $167.88. The company has a market capitalization of $12.48 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 4.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.02. The company had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. Jack Henry & Associates’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. Analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.29%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a report on Tuesday, April 30th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd. Evercore ISI lifted their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Robert W. Baird lifted 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. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $174.67.

About Jack Henry & Associates

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.