Kentucky Retirement Systems Has $878,000 Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kentucky Retirement Systems cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,010 shares of the technology company’s stock after selling 69 shares during the period. Kentucky Retirement Systems’ holdings in Jack Henry & Associates were worth $878,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JKHY. Blue Trust Inc. boosted its holdings in Jack Henry & Associates by 159.4% in the third quarter. Blue Trust Inc. now owns 581 shares of the technology company’s stock valued at $96,000 after acquiring an additional 357 shares during the last quarter. Signaturefd LLC boosted its holdings in Jack Henry & Associates by 13.0% in the third quarter. Signaturefd LLC now owns 1,090 shares of the technology company’s stock valued at $192,000 after acquiring an additional 125 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Jack Henry & Associates by 5.6% in the third quarter. Private Advisor Group LLC now owns 4,912 shares of the technology company’s stock valued at $867,000 after acquiring an additional 259 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Jack Henry & Associates by 42.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,783 shares of the technology company’s stock valued at $1,018,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Forsta AP Fonden boosted its holdings in Jack Henry & Associates by 2.7% in the third quarter. Forsta AP Fonden now owns 11,300 shares of the technology company’s stock valued at $1,995,000 after acquiring an additional 300 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $172.61 on Tuesday. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The business’s fifty day moving average is $173.30 and its 200 day moving average is $174.95. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.58 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.36 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on JKHY shares. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Finally, StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.