Public Employees Retirement System of Ohio Makes New $4.86 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Public Employees Retirement System of Ohio purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,724 shares of the technology company's stock, valued at approximately $4,860,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock worth $316,326,000 after acquiring an additional 131,515 shares during the last quarter. Enterprise Financial Services Corp bought a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $900,000. Cobblestone Capital Advisors LLC NY grew its holdings in shares of Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company's stock worth $21,348,000 after purchasing an additional 21,466 shares during the last quarter. Andra AP fonden grew its holdings in shares of Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company's stock worth $5,241,000 after purchasing an additional 2,900 shares during the last quarter. Finally, AGF Management Ltd. bought a new position in shares of Jack Henry & Associates in the fourth quarter worth approximately $305,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Up 0.1%

Shares of NASDAQ JKHY traded up $0.19 during mid-day trading on Friday, hitting $180.27. 875,815 shares of the stock traded hands, compared to its average volume of 573,729. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.36 and a beta of 0.75. The stock has a fifty day moving average price of $176.21 and a 200-day moving average price of $175.06.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the business posted $1.19 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's payout ratio is currently 39.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JKHY. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. UBS Group cut their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods cut their price objective 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Company 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.