California Public Employees Retirement System Cuts Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

California Public Employees Retirement System lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 340,789 shares of the technology company's stock after selling 10,653 shares during the period. California Public Employees Retirement System owned 0.47% of Jack Henry & Associates worth $59,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Fortitude Family Office LLC lifted its stake in shares of 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 purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Jack Henry & Associates during the third quarter worth about $26,000. National Pension Service acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $27,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $11.98 during trading on Friday, reaching $172.62. The company's stock had a trading volume of 879,744 shares, compared to its average volume of 525,259. The firm has a market cap of $12.58 billion, a PE ratio of 31.16, a P/E/G ratio of 3.36 and a beta of 0.65. The company has a 50-day moving average price of $175.42 and a two-hundred day moving average price of $176.54. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were paid a $0.58 dividend. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price target for the company. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, The Goldman Sachs Group raised shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $186.45.

Jack Henry & Associates Company 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.