Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,051 shares of the technology company’s stock after selling 426 shares during the period. Retirement Systems of Alabama’s holdings in Jack Henry & Associates were worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its holdings in Jack Henry & Associates by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,572 shares of the technology company’s stock worth $1,296,000 after buying an additional 249 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Jack Henry & Associates by 0.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 41,501 shares of the technology company’s stock valued at $6,273,000 after acquiring an additional 127 shares during the period. Brown Advisory Inc. lifted its position in shares of Jack Henry & Associates by 28.2% in the 3rd quarter. Brown Advisory Inc. now owns 42,207 shares of the technology company’s stock valued at $6,379,000 after acquiring an additional 9,273 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in Jack Henry & Associates by 11.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,621 shares of the technology company’s stock worth $2,210,000 after purchasing an additional 1,531 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Jack Henry & Associates during the 3rd quarter worth approximately $823,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Up 0.4 %

Jack Henry & Associates stock opened at $165.65 on Wednesday. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The company’s fifty day moving average price is $169.14 and its two-hundred day moving average price is $164.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.84 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.12 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JKHY shares. Evercore ISI increased their target price on Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Robert W. Baird raised their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Royal Bank of Canada upped their target price on Jack Henry & Associates from $161.00 to $181.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, February 7th. Finally, Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $174.42.

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.