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

New York State Teachers Retirement System cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,954 shares of the technology company's stock after selling 2,643 shares during the period. New York State Teachers Retirement System owned 0.09% of Jack Henry & Associates worth $11,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Fortitude Family Office LLC increased its holdings 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 acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research note on Thursday, November 7th. UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Stephens restated an "equal weight" rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus target price of $186.80.

Jack Henry & Associates Trading Up 1.4 %

Shares of JKHY traded up $2.43 during mid-day trading on Friday, hitting $171.13. The company had a trading volume of 709,347 shares, compared to its average volume of 592,816. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The business's 50-day simple moving average is $173.58 and its 200-day simple moving average is $174.74. The stock has a market cap of $12.48 billion, a PE ratio of 30.89, a P/E/G ratio of 3.33 and a beta of 0.61. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. 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 payout ratio is 39.71%.

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.