Kentucky Retirement Systems Insurance Trust Fund Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,405 shares of the technology company’s stock after selling 190 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Jack Henry & Associates were worth $418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of JKHY. VisionPoint Advisory Group LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $44,000. Riverview Trust Co bought a new position in Jack Henry & Associates in the 1st quarter valued at $51,000. GAMMA Investing LLC bought a new position in Jack Henry & Associates in the 4th quarter valued at $79,000. Janiczek Wealth Management LLC grew its position in Jack Henry & Associates by 55.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock valued at $83,000 after acquiring an additional 170 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Jack Henry & Associates by 52.1% in the 4th quarter. First Horizon Advisors Inc. now owns 619 shares of the technology company’s stock valued at $101,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on JKHY shares. Evercore ISI upped their price objective on 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. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Robert W. Baird increased their price target 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. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of “Hold” and an average target price of $174.67.

Jack Henry & Associates Trading Up 0.4 %

JKHY traded up $0.69 during mid-day trading on Monday, hitting $171.02. 57,590 shares of the stock were exchanged, compared to its average volume of 427,383. The firm’s fifty day moving average is $165.24 and its two-hundred day moving average is $167.88. Jack Henry & Associates, Inc. has a 1-year low of $136.57 and a 1-year high of $178.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market cap of $12.47 billion, a PE ratio of 32.94, a PEG ratio of 4.01 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the company earned $1.12 EPS. Jack Henry & Associates’s revenue was up 5.9% on a year-over-year basis. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Jack Henry & Associates 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.