New York State Common Retirement Fund lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,306 shares of the technology company's stock after purchasing an additional 4,895 shares during the quarter. New York State Common Retirement Fund owned 0.18% of Jack Henry & Associates worth $21,784,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in JKHY. NBC Securities Inc. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth approximately $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $33,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Federated Hermes Inc. acquired a new stake in Jack Henry & Associates in the third quarter valued at approximately $72,000. Finally, Parkside Financial Bank & Trust boosted its position in Jack Henry & Associates by 25.4% in the third quarter. Parkside Financial Bank & Trust now owns 656 shares of the technology company's stock valued at $99,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on JKHY. Evercore ISI raised their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an "in-line" rating in a research report on Tuesday, March 26th. Citigroup began coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a "neutral" rating and a $177.00 price target on the stock. Robert W. Baird boosted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a "neutral" rating in a report on Wednesday, April 17th. StockNews.com cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, April 20th. Finally, William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $172.42.
View Our Latest Stock Report on Jack Henry & Associates
Jack Henry & Associates Trading Down 0.6 %
JKHY traded down $1.01 during trading on Friday, hitting $164.88. 378,670 shares of the stock traded hands, compared to its average volume of 322,317. The firm has a 50-day moving average of $170.50 and a 200 day moving average of $163.35. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $12.01 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.
Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same quarter in the previous year, the firm posted $1.10 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.
Jack Henry & Associates Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a yield of 1.33%. Jack Henry & Associates's payout ratio is 43.05%.
About Jack Henry & Associates
(
Free Report)
Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.
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