Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,073 shares of the technology company's stock after selling 6,132 shares during the period. State of Alaska Department of Revenue's holdings in Jack Henry & Associates were worth $3,693,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after buying an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company's stock worth $136,720,000 after acquiring an additional 263,021 shares during the period. Raymond James & Associates raised its position in Jack Henry & Associates by 3.2% during the third quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock valued at $111,569,000 after purchasing an additional 19,846 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Jack Henry & Associates by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company's stock worth $107,820,000 after buying an additional 2,324 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $0.06 during trading hours on Friday, reaching $173.81. The company had a trading volume of 464,808 shares, compared to its average volume of 616,773. The firm's 50 day moving average price is $174.77 and its 200-day moving average price is $174.77. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 3.46 and a beta of 0.61. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) 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%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates's payout ratio is currently 39.71%.

Insider Activity

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on JKHY shares. 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. William Blair cut Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company started coverage on shares of 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $186.80.

About Jack Henry & Associates

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.