Teacher Retirement System of Texas Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Teacher Retirement System of Texas reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,567 shares of the technology company's stock after selling 51,025 shares during the quarter. Teacher Retirement System of Texas owned 0.09% of Jack Henry & Associates worth $11,844,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in JKHY. Empowered Funds LLC raised its holdings in shares of Jack Henry & Associates by 2.0% in the 3rd quarter. Empowered Funds LLC now owns 4,845 shares of the technology company's stock valued at $855,000 after purchasing an additional 97 shares in the last quarter. Quest Partners LLC increased its holdings in Jack Henry & Associates by 13.0% during the third quarter. Quest Partners LLC now owns 4,414 shares of the technology company's stock valued at $779,000 after buying an additional 509 shares during the period. Pathstone Holdings LLC raised its stake in Jack Henry & Associates by 3.7% in the third quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company's stock worth $3,354,000 after buying an additional 669 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Jack Henry & Associates during the third quarter worth $618,000. Finally, PNC Financial Services Group Inc. boosted its position in Jack Henry & Associates by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company's stock valued at $1,906,000 after acquiring an additional 453 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

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Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded up $1.96 during midday trading on Tuesday, reaching $174.78. The company had a trading volume of 550,778 shares, compared to its average volume of 502,243. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The business's 50-day simple moving average is $174.26 and its 200 day simple moving average is $176.22. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.74 billion, a P/E ratio of 31.55, a P/E/G ratio of 3.36 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio is currently 41.88%.

Analysts Set New Price Targets

Several research firms have recently commented on JKHY. StockNews.com lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $186.80.

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.