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

Jack Henry & Associates logo with Computer and Technology background

Illinois Municipal Retirement Fund grew its position 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. The fund owned 47,255 shares of the technology company's stock after purchasing an additional 5,347 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Jack Henry & Associates worth $8,629,000 as of its most recent SEC filing.

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

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY traded up $1.86 during midday trading on Tuesday, reaching $182.03. 362,239 shares of the company traded hands, compared to its average volume of 569,675. Jack Henry & Associates, Inc. has a 12 month low of $158.62 and a 12 month high of $196.00. The firm's fifty day moving average price is $178.80 and its two-hundred day moving average price is $175.93. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.02 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate 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 company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the company earned $1.19 earnings per share. Jack Henry & Associates's revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were paid a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates's payout ratio is presently 39.52%.

Analyst Ratings Changes

JKHY has been the topic of a number of research analyst reports. UBS Group reduced their price target on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock 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 report on Thursday, May 8th. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and an average target price of $185.11.

Check Out Our Latest Stock Analysis on JKHY

Jack Henry & Associates Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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