Public Employees Retirement Association of Colorado Trims Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Public Employees Retirement Association of Colorado lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,267 shares of the technology company’s stock after selling 594 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Jack Henry & Associates were worth $20,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in JKHY. Schechter Investment Advisors LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $201,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $33,000. Trueblood Wealth Management LLC acquired a new stake in Jack Henry & Associates during the fourth quarter valued at $244,000. GAM Holding AG grew its position in Jack Henry & Associates by 10.8% during the fourth quarter. GAM Holding AG now owns 16,386 shares of the technology company’s stock valued at $2,678,000 after buying an additional 1,598 shares during the period. Finally, Arizona State Retirement System grew its position in Jack Henry & Associates by 0.6% during the fourth quarter. Arizona State Retirement System now owns 20,008 shares of the technology company’s stock valued at $3,270,000 after buying an additional 126 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JKHY shares. Evercore ISI raised their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. DA Davidson reiterated a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $174.67.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY traded up $0.87 during midday trading on Monday, hitting $171.20. The company had a trading volume of 85,105 shares, compared to its average volume of 427,574. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $178.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 4.01 and a beta of 0.63. The business’s 50-day simple moving average is $165.24 and its 200-day simple moving average is $167.88.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, May 28th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 1.29%. Jack Henry & Associates’s payout ratio is 42.47%.

Jack Henry & Associates Company Profile

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.