New York State Common Retirement Fund Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New York State Common Retirement Fund lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 56.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,525 shares of the technology company’s stock after selling 55,571 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Jack Henry & Associates worth $7,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JKHY. Commonwealth Equity Services LLC raised its position in shares of Jack Henry & Associates by 1.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,202 shares of the technology company’s stock valued at $1,613,000 after purchasing an additional 173 shares in the last quarter. Signaturefd LLC raised its position in shares of Jack Henry & Associates by 41.4% in the 4th quarter. Signaturefd LLC now owns 1,541 shares of the technology company’s stock valued at $270,000 after purchasing an additional 451 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of Jack Henry & Associates by 320.4% in the 4th quarter. iA Global Asset Management Inc. now owns 7,597 shares of the technology company’s stock valued at $1,332,000 after purchasing an additional 5,790 shares in the last quarter. American Century Companies Inc. raised its position in shares of Jack Henry & Associates by 63.1% in the 4th quarter. American Century Companies Inc. now owns 39,031 shares of the technology company’s stock valued at $6,842,000 after purchasing an additional 15,106 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at approximately $4,453,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.3%

Shares of JKHY stock opened at $178.64 on Friday. The stock’s 50 day simple moving average is $180.30 and its 200 day simple moving average is $176.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a twelve month low of $160.23 and a twelve month high of $196.00. The company has a market capitalization of $13.01 billion, a price-to-earnings ratio of 30.43 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.23. The business had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. Jack Henry & Associates’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group dropped their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, May 8th. Keefe, Bruyette & Woods dropped their target price on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Finally, Wall Street Zen raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $185.11.

Jack Henry & Associates 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.