State of New Jersey Common Pension Fund D Trims Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 37.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,015 shares of the technology company’s stock after selling 15,217 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Jack Henry & Associates were worth $4,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC raised its position in shares of Jack Henry & Associates by 352.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after acquiring an additional 9,519 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Jack Henry & Associates by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company’s stock valued at $35,318,000 after acquiring an additional 6,173 shares in the last quarter. GLOBALT Investments LLC GA acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at approximately $2,634,000. Finally, Norden Group LLC acquired a new stake in shares of Jack Henry & Associates during the 1st quarter valued at approximately $1,411,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $177.06 on Tuesday. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth 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. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The stock’s fifty day moving average is $168.80 and its 200-day moving average is $167.73.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $559.91 million during the quarter, compared to analysts’ expectations of $563.37 million. During the same quarter last year, the business posted $1.34 earnings per share. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 1.24%. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a research report on Friday, September 6th. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on Jack Henry & Associates from $178.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, August 22nd. Evercore ISI increased their target price on 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, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.