Teacher Retirement System of Texas Sells 56,901 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Teacher Retirement System of Texas decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 84.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,666 shares of the technology company's stock after selling 56,901 shares during the period. Teacher Retirement System of Texas' holdings in Jack Henry & Associates were worth $1,948,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JKHY. Atala Financial Inc acquired a new position in Jack Henry & Associates during the fourth quarter worth $40,000. Cary Street Partners Financial LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $54,000. Menard Financial Group LLC acquired a new position in Jack Henry & Associates during the fourth quarter worth $60,000. Brown Brothers Harriman & Co. raised its holdings in shares of Jack Henry & Associates by 603.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock valued at $64,000 after purchasing an additional 314 shares during the last quarter. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Jack Henry & Associates in the first quarter valued at about $70,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY traded up $0.98 during trading on Monday, hitting $176.17. 327,374 shares of the company traded hands, compared to its average volume of 570,592. The firm has a market cap of $12.83 billion, a P/E ratio of 30.01 and a beta of 0.72. The stock's fifty day moving average is $180.10 and its 200 day moving average is $176.12. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a one year low of $160.23 and a one year high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.32%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Analyst Ratings Changes

JKHY has been the subject of several analyst reports. UBS Group lowered 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 report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Sunday. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $185.11.

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.