State of New Jersey Common Pension Fund D Sells 443 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

State of New Jersey Common Pension Fund D cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,572 shares of the technology company’s stock after selling 443 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Jack Henry & Associates were worth $4,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. V Square Quantitative Management LLC raised its position in Jack Henry & Associates by 3.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after buying an additional 54 shares during the last quarter. Bridges Investment Management Inc. raised its position in Jack Henry & Associates by 1.7% in the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after buying an additional 55 shares during the last quarter. Raymond James Trust N.A. raised its position in Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after buying an additional 60 shares during the last quarter. Advisor OS LLC raised its position in Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after buying an additional 65 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Jack Henry & Associates by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after buying an additional 66 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Up 0.0 %

Shares of NASDAQ:JKHY opened at $177.11 on Wednesday. The stock has a 50 day moving average of $179.34 and a 200 day moving average of $170.76. The company has a market cap of $12.91 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.37 and a beta of 0.63. The company has a current ratio of 0.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12-month low of $146.46 and a 12-month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping 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 business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same period in the prior year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.20 annualized dividend and a yield of 1.24%. Jack Henry & Associates’s payout ratio is 40.29%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $188.73.

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.