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

Public Employees Retirement Association of Colorado trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 120,065 shares of the technology company’s stock after selling 202 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.16% of Jack Henry & Associates worth $19,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JKHY. Raymond James Trust N.A. grew its holdings in shares of Jack Henry & Associates by 1.3% during the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after buying an additional 60 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its position in Jack Henry & Associates by 0.8% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after acquiring an additional 62 shares in the last quarter. Czech National Bank boosted its stake in Jack Henry & Associates by 0.5% during the 1st 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 last quarter. Advisor OS LLC increased its holdings in shares of Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 65 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JKHY. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a research report on Thursday, August 22nd. Evercore ISI lifted their price target 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. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price objective on shares of Jack Henry & Associates in a research report on Friday, September 6th. Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $176.55.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $173.59 on Friday. The stock has a market cap of $12.65 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $169.70 and its 200 day moving average is $167.86. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The firm had revenue of $559.91 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.34 earnings per share. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given 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 1.27%. Jack Henry & Associates’s payout ratio is currently 42.47%.

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.