Louisiana State Employees Retirement System Sells 200 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Louisiana State Employees Retirement System lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,900 shares of the technology company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Jack Henry & Associates were worth $684,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC grew its position in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the 3rd quarter valued at $26,000. ORG Partners LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates in the 3rd quarter valued at $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates in the 3rd quarter valued at $54,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock opened at $167.61 on Wednesday. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The stock’s 50-day moving average is $174.24 and its 200 day moving average is $174.85. The company has a market cap of $12.23 billion, a P/E ratio of 30.26, a PEG ratio of 3.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.11 and a quick ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Research analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.71%.

Analyst Ratings Changes

Several equities analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Finally, UBS Group upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates 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.