New York State Common Retirement Fund Sells 55,571 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

New York State Common Retirement Fund reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 56.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,525 shares of the technology company's stock after selling 55,571 shares during the period. New York State Common Retirement Fund owned about 0.06% of Jack Henry & Associates worth $7,948,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Axxcess Wealth Management LLC lifted its holdings in shares of Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Jack Henry & Associates by 9.8% in the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after acquiring an additional 75 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its stake in Jack Henry & Associates by 1.1% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock worth $1,238,000 after acquiring an additional 77 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in Jack Henry & Associates by 4.5% in the 4th quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after acquiring an additional 85 shares in the last quarter. Finally, Synovus Financial Corp lifted its stake in Jack Henry & Associates by 0.6% in the 4th quarter. Synovus Financial Corp now owns 16,195 shares of the technology company's stock worth $2,839,000 after acquiring an additional 93 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

JKHY traded down $0.05 during midday trading on Wednesday, reaching $180.53. The company's stock had a trading volume of 357,167 shares, compared to its average volume of 574,982. The stock has a market cap of $13.15 billion, a P/E ratio of 30.75 and a beta of 0.72. The company has a fifty day simple moving average of $180.30 and a 200 day simple moving average of $176.28. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a twelve month low of $160.23 and a twelve month high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a $0.58 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JKHY shares. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price objective 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. Finally, UBS Group lowered their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $185.11.

About Jack Henry & Associates

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.