Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,261 shares of the technology company’s stock after selling 297 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Jack Henry & Associates were worth $1,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JKHY. Kestra Advisory Services LLC raised its stake in Jack Henry & Associates by 33.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,352 shares of the technology company’s stock valued at $809,000 after purchasing an additional 1,340 shares during the last quarter. LPL Financial LLC raised its position in shares of Jack Henry & Associates by 16.9% in the third quarter. LPL Financial LLC now owns 41,146 shares of the technology company’s stock valued at $6,210,000 after buying an additional 5,960 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $72,000. Northern Trust Corp boosted its position in Jack Henry & Associates by 3.5% during the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock worth $123,744,000 after acquiring an additional 28,017 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $269,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Up 0.5 %

JKHY opened at $166.74 on Monday. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The business has a 50 day moving average price of $165.07 and a 200 day moving average price of $167.75. The firm has a market cap of $12.16 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 4.28 and a beta of 0.62.

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

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.55 dividend. The ex-dividend date was Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.32%. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JKHY shares. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. Wolfe Research began coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They issued a “peer perform” rating on the stock. Robert W. Baird upped their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Evercore ISI lifted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $174.42.

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.