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

California Public Employees Retirement System lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 340,789 shares of the technology company’s stock after selling 10,653 shares during the quarter. California Public Employees Retirement System owned about 0.47% of Jack Henry & Associates worth $59,740,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC lifted its stake in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after acquiring an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $26,000. National Pension Service purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at approximately $27,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Atala Financial Inc bought a new stake in shares of Jack Henry & Associates in the fourth quarter worth $40,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JKHY shares. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Trading Up 0.8 %

Jack Henry & Associates stock opened at $184.02 on Wednesday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $13.41 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 3.36 and a beta of 0.65. The firm has a 50-day moving average price of $175.03 and a two-hundred day moving average price of $176.44.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 6th were paid a dividend of $0.58 per share. This is a boost 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 1.26%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates’s payout ratio is currently 41.88%.

Jack Henry & Associates Company 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.