California Public Employees Retirement System Has $76.07 Million Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

California Public Employees Retirement System decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 465,501 shares of the technology company’s stock after selling 3,892 shares during the period. California Public Employees Retirement System’s holdings in Jack Henry & Associates were worth $76,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Jack Henry & Associates by 1.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after purchasing an additional 46,534 shares during the last quarter. Invesco Ltd. boosted its position in Jack Henry & Associates by 15.3% during the third quarter. Invesco Ltd. now owns 1,106,851 shares of the technology company’s stock valued at $167,289,000 after purchasing an additional 147,143 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Jack Henry & Associates by 21.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,043,098 shares of the technology company’s stock valued at $157,654,000 after purchasing an additional 181,811 shares during the last quarter. Northern Trust Corp boosted its position in Jack Henry & Associates by 3.5% during the third quarter. Northern Trust Corp now owns 818,737 shares of the technology company’s stock valued at $123,744,000 after purchasing an additional 28,017 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Jack Henry & Associates by 10.9% during the fourth quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock valued at $124,943,000 after purchasing an additional 75,200 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

JKHY has been the subject of a number of analyst reports. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Citigroup initiated coverage on Jack Henry & Associates in a research report on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price target for the company. Finally, Robert W. Baird boosted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Trading Down 0.8 %

Shares of JKHY opened at $165.20 on Thursday. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 3.90 and a beta of 0.66. The stock’s 50-day moving average price is $170.82 and its 200 day moving average price is $163.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The firm had revenue of $545.70 million for the quarter, compared to analyst estimates of $540.34 million. During the same period in the previous year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a $0.55 dividend. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.52. This represents a $2.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is currently 43.05%.

About Jack Henry & Associates

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.