Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 340,789 shares of the technology company’s stock after selling 10,653 shares during the period. California Public Employees Retirement System’s holdings in Jack Henry & Associates were worth $59,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JKHY. RWA Wealth Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $909,000. Schroder Investment Management Group raised its position in shares of Jack Henry & Associates by 4.9% during the fourth quarter. Schroder Investment Management Group now owns 2,339 shares of the technology company’s stock worth $410,000 after purchasing an additional 109 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Jack Henry & Associates by 406.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company’s stock valued at $61,083,000 after purchasing an additional 279,628 shares during the last quarter. Allstate Corp acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at $359,000. Finally, Brown Brothers Harriman & Co. increased its stake in Jack Henry & Associates by 603.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company’s stock worth $64,000 after purchasing an additional 314 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $184.02 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $13.41 billion, a PE ratio of 33.22, a PEG ratio of 3.36 and a beta of 0.65. The firm’s 50 day moving average price is $175.03 and its 200 day moving average price is $176.44. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released 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%. As a group, research analysts expect 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 was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Analysts Set New Price Targets

JKHY has been the subject of several recent analyst reports. 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 began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has a consensus 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.