Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,534 shares of the technology company’s stock after selling 293 shares during the quarter. Kentucky Retirement Systems’ holdings in Jack Henry & Associates were worth $961,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Jack Henry & Associates by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock worth $1,509,441,000 after buying an additional 39,456 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Jack Henry & Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock worth $317,487,000 after purchasing an additional 24,910 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Jack Henry & Associates by 10.9% during the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock valued at $124,943,000 after purchasing an additional 75,200 shares during the period. Goldman Sachs Group Inc. grew its stake in Jack Henry & Associates by 32.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after buying an additional 171,477 shares during the last quarter. Finally, TD Asset Management Inc increased its position in Jack Henry & Associates by 25.6% in the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after buying an additional 139,582 shares during the period. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded up $1.20 during trading on Monday, reaching $171.53. The company’s stock had a trading volume of 55,368 shares, compared to its average volume of 427,326. The business’s fifty day moving average price is $165.24 and its 200-day moving average price is $167.88. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 4.01 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last announced 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 net margin of 17.28% and a return on equity of 22.18%. The business had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, May 24th. Jack Henry & Associates’s dividend payout ratio (DPR) is 42.47%.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Robert W. Baird raised their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, DA Davidson restated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One investment 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 MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $174.67.

Jack Henry & Associates Profile

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.