California State Teachers Retirement System Has $11.51 Million Position in Jack Henry & Associates, Inc. $JKHY

California State Teachers Retirement System decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 51.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 83,588 shares of the technology company's stock after selling 88,337 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Jack Henry & Associates worth $11,513,411 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VELA Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 77.0% during the second quarter. VELA Investment Management LLC now owns 66,665 shares of the technology company's stock valued at $9,182,000 after purchasing an additional 29,004 shares during the period. Paralel Advisors LLC purchased a new position in shares of Jack Henry & Associates during the second quarter valued at approximately $2,016,000. Greenland Capital Management LP purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $838,000. denkapparat Operations GmbH increased its stake in Jack Henry & Associates by 138.5% in the second quarter. denkapparat Operations GmbH now owns 7,628 shares of the technology company's stock worth $1,051,000 after purchasing an additional 4,430 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Jack Henry & Associates by 3.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,975 shares of the technology company's stock worth $424,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 4.9%

Shares of NASDAQ:JKHY traded down $8.09 during trading on Tuesday, reaching $156.46. The company's stock had a trading volume of 544,889 shares, compared to its average volume of 1,161,870. Jack Henry & Associates, Inc. has a 12 month low of $121.04 and a 12 month high of $193.39. The firm's 50 day simple moving average is $157.67 and its two-hundred day simple moving average is $151.27. The stock has a market capitalization of $10.97 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 1.82 and a beta of 0.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.13. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. Jack Henry & Associates had a net margin of 19.76% and a return on equity of 23.49%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, research analysts predict that Jack Henry & Associates, Inc. will post 7.36 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates's payout ratio is 35.01%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Jack Henry & Associates from $173.00 to $178.00 and gave the company an "outperform" rating in a report on Thursday, August 20th. Stephens reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, August 11th. DA Davidson reaffirmed a "buy" rating and set a $198.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, September 2nd. KeyCorp began coverage on Jack Henry & Associates in a report on Monday. They issued an "overweight" rating and a $190.00 price target on the stock. Finally, Wolfe Research boosted their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $191.88.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and technology services to banks, credit unions and other financial institutions. Its solutions are designed to support core processing, digital banking, payments, lending, risk management and operational workflows.

The company's products include core banking platforms, online and mobile banking tools, payment processing services, electronic bill pay, loan origination and document management solutions, fraud prevention tools, and technology that helps financial institutions connect with third-party applications.

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