Louisiana State Employees Retirement System Takes Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Louisiana State Employees Retirement System bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,400 shares of the technology company’s stock, valued at approximately $719,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Schwartz Investment Counsel Inc. raised its stake in Jack Henry & Associates by 14.5% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 266,350 shares of the technology company’s stock valued at $43,524,000 after purchasing an additional 33,700 shares in the last quarter. Nordea Investment Management AB raised its stake in Jack Henry & Associates by 16.1% in the third quarter. Nordea Investment Management AB now owns 545,605 shares of the technology company’s stock valued at $82,779,000 after purchasing an additional 75,735 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Jack Henry & Associates by 5.1% during the third quarter. Inspire Investing LLC now owns 4,446 shares of the technology company’s stock worth $672,000 after acquiring an additional 217 shares in the last quarter. CWM LLC raised its stake in shares of Jack Henry & Associates by 7.8% during the third quarter. CWM LLC now owns 1,945 shares of the technology company’s stock worth $294,000 after acquiring an additional 141 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Jack Henry & Associates by 202.0% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,106 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 6,760 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, April 20th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Evercore ISI lifted their price target on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $172.42.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $164.88 on Friday. The stock has a market cap of $12.01 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.89 and a beta of 0.66. The firm’s fifty day simple moving average is $170.50 and its 200 day simple moving average is $163.24. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.12. The business had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is 43.05%.

Jack Henry & Associates Company Profile

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.