Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,863 shares of the technology company's stock after selling 20,016 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Jack Henry & Associates worth $18,866,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of JKHY. Assenagon Asset Management S.A. boosted its holdings in Jack Henry & Associates by 6,680.1% in the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock valued at $19,158,000 after purchasing an additional 113,696 shares during the period. Boston Trust Walden Corp grew its position in shares of Jack Henry & Associates by 3.0% during the second quarter. Boston Trust Walden Corp now owns 212,731 shares of the technology company's stock worth $35,318,000 after buying an additional 6,173 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Jack Henry & Associates by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 91,114 shares of the technology company's stock worth $15,829,000 after buying an additional 4,252 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Jack Henry & Associates by 23.3% during the first quarter. Epoch Investment Partners Inc. now owns 359,330 shares of the technology company's stock worth $62,426,000 after buying an additional 67,816 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in Jack Henry & Associates by 569.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company's stock valued at $1,051,000 after acquiring an additional 5,146 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Compass Point assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target for the company. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. StockNews.com upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective 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. Finally, Oppenheimer initiated coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $187.11.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded up $1.20 during trading hours on Tuesday, hitting $185.52. The stock had a trading volume of 601,464 shares, compared to its average volume of 439,620. The stock's 50 day moving average is $178.55 and its 200 day moving average is $170.23. The firm has a market capitalization of $13.53 billion, a PE ratio of 35.31, a PEG ratio of 3.36 and a beta of 0.63. Jack Henry & Associates, Inc. has a twelve month low of $142.93 and a twelve month high of $186.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.08. The firm had revenue of $559.91 million during the quarter, compared to analysts' expectations of $563.37 million. Jack Henry & Associates had a net margin of 17.23% and a return on equity of 21.63%. During the same quarter in the prior year, the business earned $1.34 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were given a dividend of $0.55 per share. The ex-dividend date was Friday, September 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.19%. Jack Henry & Associates's payout ratio is 42.15%.

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.