New York State Common Retirement Fund Sells 7,767 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New York State Common Retirement Fund reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,096 shares of the technology company’s stock after selling 7,767 shares during the period. New York State Common Retirement Fund’s holdings in Jack Henry & Associates were worth $17,372,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Jack Henry & Associates in the 3rd quarter valued at about $618,000. Nordea Investment Management AB increased its position in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares in the last quarter. Pensionfund Sabic acquired a new stake in Jack Henry & Associates in the 4th quarter valued at about $1,315,000. Finally, XTX Topco Ltd increased its position in Jack Henry & Associates by 137.3% in the 3rd quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after acquiring an additional 4,491 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $171.13 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The firm’s 50 day moving average price is $173.41 and its two-hundred day moving average price is $174.85. The firm has a market cap of $12.48 billion, a P/E ratio of 30.89, a PEG ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid 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 1.36%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is presently 39.71%.

Analyst Ratings Changes

JKHY has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $186.80.

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.