New York State Teachers Retirement System Sells 3,356 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New York State Teachers Retirement System lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,116 shares of the technology company’s stock after selling 3,356 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Jack Henry & Associates worth $11,475,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JKHY. New Covenant Trust Company N.A. bought a new position in Jack Henry & Associates in the first quarter valued at about $30,000. Blue Trust Inc. grew its holdings in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $44,000. Riverview Trust Co bought a new position in Jack Henry & Associates in the 1st quarter valued at approximately $51,000. Finally, GAMMA Investing LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on JKHY. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Evercore ISI lifted their target price on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $176.45.

Jack Henry & Associates Trading Up 0.5 %

JKHY traded up $0.84 during trading on Friday, reaching $164.63. 459,071 shares of the stock traded hands, compared to its average volume of 435,544. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $166.06 and its 200 day moving average is $167.79. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a market capitalization of $12.00 billion, a PE ratio of 31.78, a P/E/G ratio of 3.98 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.30 by $0.08. The company had revenue of $559.91 million for the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. During the same quarter in the prior year, the company earned $1.34 EPS. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

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.