Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,513 shares of the technology company’s stock after selling 357 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jack Henry & Associates were worth $2,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in JKHY. Pathstone Holdings LLC increased its holdings in Jack Henry & Associates by 3.7% in the 3rd quarter. Pathstone Holdings LLC now owns 18,996 shares of the technology company’s stock worth $3,354,000 after acquiring an additional 669 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jack Henry & Associates during the third quarter worth about $618,000. PNC Financial Services Group Inc. raised its position in shares of Jack Henry & Associates by 4.4% in the third quarter. PNC Financial Services Group Inc. now owns 10,795 shares of the technology company’s stock valued at $1,906,000 after purchasing an additional 453 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock valued at $107,820,000 after buying an additional 2,324 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in Jack Henry & Associates by 7.1% in the 3rd quarter. Raymond James Trust N.A. now owns 5,146 shares of the technology company’s stock worth $908,000 after buying an additional 342 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JKHY shares. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Price Performance

JKHY stock opened at $172.82 on Tuesday. The firm has a 50 day simple moving average of $174.21 and a two-hundred day simple moving average of $176.18. The stock has a market cap of $12.60 billion, a PE ratio of 31.20, a P/E/G ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.88%.

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.