Illinois Municipal Retirement Fund Purchases 5,347 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Illinois Municipal Retirement Fund boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,255 shares of the technology company's stock after acquiring an additional 5,347 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Jack Henry & Associates worth $8,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JKHY. National Pension Service bought a new position in shares of Jack Henry & Associates during the 4th quarter worth approximately $27,000. Atala Financial Inc bought a new position in Jack Henry & Associates during the fourth quarter worth $40,000. Cary Street Partners Financial LLC bought a new position in Jack Henry & Associates during the fourth quarter worth $54,000. Tortoise Investment Management LLC grew its holdings in Jack Henry & Associates by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock worth $58,000 after purchasing an additional 143 shares during the period. Finally, Menard Financial Group LLC bought a new stake in Jack Henry & Associates in the fourth quarter valued at $60,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock traded down $0.42 on Monday, reaching $177.90. The stock had a trading volume of 158,448 shares, compared to its average volume of 568,559. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a 1 year low of $157.06 and a 1 year high of $196.00. The stock has a market cap of $12.95 billion, a P/E ratio of 30.32, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73. The company has a 50 day simple moving average of $178.57 and a 200 day simple moving average of $175.93.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's payout ratio is presently 39.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, UBS Group reduced their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $185.11.

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.