Kentucky Retirement Systems Lowers Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kentucky Retirement Systems lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,079 shares of the technology company’s stock after selling 414 shares during the period. Kentucky Retirement Systems’ holdings in Jack Henry & Associates were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in JKHY. Principal Financial Group Inc. grew its position in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after acquiring an additional 184,210 shares during the period. Mackenzie Financial Corp grew its position in Jack Henry & Associates by 51.4% during the second quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company’s stock valued at $83,665,000 after acquiring an additional 171,041 shares during the period. Assenagon Asset Management S.A. grew its position in Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after acquiring an additional 113,696 shares during the period. Tandem Investment Advisors Inc. grew its position in Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after acquiring an additional 85,175 shares during the period. Finally, SG Americas Securities LLC grew its position in Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company’s stock valued at $20,267,000 after acquiring an additional 82,351 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.2 %

Shares of NASDAQ JKHY opened at $171.63 on Wednesday. The stock’s 50 day moving average price is $179.46 and its two-hundred day moving average price is $171.12. Jack Henry & Associates, Inc. has a 52-week low of $151.59 and a 52-week high of $189.63. The stock has a market capitalization of $12.52 billion, a P/E ratio of 31.43, a PEG ratio of 3.26 and a beta of 0.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the prior year, the firm posted $1.39 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s payout ratio is currently 40.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JKHY shares. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Finally, StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and an average target price of $188.73.

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.