Texas Permanent School Fund Corp Sells 3,008 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Texas Permanent School Fund Corp decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 20.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,055 shares of the technology company’s stock after selling 3,008 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Jack Henry & Associates were worth $2,001,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in shares of Jack Henry & Associates by 32.2% in the fourth quarter. Private Advisor Group LLC now owns 3,068 shares of the technology company’s stock worth $501,000 after purchasing an additional 748 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Jack Henry & Associates by 23.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,234 shares of the technology company’s stock valued at $855,000 after buying an additional 1,008 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Jack Henry & Associates by 113.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,626 shares of the technology company’s stock valued at $1,410,000 after buying an additional 4,580 shares in the last quarter. ING Groep NV raised its holdings in Jack Henry & Associates by 3,585.1% during the 4th quarter. ING Groep NV now owns 9,176 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 8,927 shares during the period. Finally, Norges Bank purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth $11,319,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.8 %

NASDAQ JKHY opened at $175.69 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $169.06 and its two-hundred day simple moving average is $167.76. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data 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 firm 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 21.63% and a net margin of 17.23%. During the same period in the prior year, the company earned $1.34 EPS. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.55 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates’s payout ratio is 42.47%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JKHY shares. Compass Point assumed coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target for the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research note on Friday, September 6th. Finally, Evercore ISI increased 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 note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $177.25.

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.