Jack Henry & Associates, Inc. (JKHY) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,744 shares of the technology company’s stock after acquiring an additional 4,155 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Jack Henry & Associates worth $17,680,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC acquired a new position in shares of Jack Henry & Associates during the third quarter valued at approximately $30,179,000. State of Alaska Department of Revenue increased its holdings in shares of Jack Henry & Associates by 8.4% in the fourth quarter. State of Alaska Department of Revenue now owns 16,203 shares of the technology company’s stock valued at $2,048,000 after purchasing an additional 1,250 shares during the last quarter. Man Group plc increased its holdings in shares of Jack Henry & Associates by 3.2% in the third quarter. Man Group plc now owns 89,059 shares of the technology company’s stock valued at $14,257,000 after purchasing an additional 2,724 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Jack Henry & Associates by 5.9% in the third quarter. Thrivent Financial for Lutherans now owns 18,648 shares of the technology company’s stock valued at $2,985,000 after purchasing an additional 1,037 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $539,000. 89.34% of the stock is owned by institutional investors and hedge funds.

JKHY has been the subject of several recent research reports. BidaskClub raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $163.00 price target on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Finally, Wells Fargo & Co raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and cut their price target for the company from $160.00 to $155.00 in a report on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $152.75.

In related news, Director John F. Prim sold 7,575 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $131.91, for a total value of $999,218.25. Following the completion of the transaction, the director now directly owns 218,491 shares in the company, valued at $28,821,147.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ronald L. Moses sold 750 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $134.20, for a total value of $100,650.00. The disclosure for this sale can be found here. Insiders sold 12,713 shares of company stock valued at $1,685,666 over the last quarter. 0.84% of the stock is currently owned by company insiders.

NASDAQ:JKHY opened at $137.24 on Friday. Jack Henry & Associates, Inc. has a one year low of $116.79 and a one year high of $163.68. The company has a market capitalization of $10.59 billion, a P/E ratio of 38.23, a P/E/G ratio of 3.42 and a beta of 0.87.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The firm had revenue of $386.28 million during the quarter, compared to analysts’ expectations of $380.40 million. During the same quarter last year, the firm earned $2.08 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts forecast that Jack Henry & Associates, Inc. will post 3.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Friday, March 1st will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.17%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.37. The ex-dividend date is Thursday, February 28th. Jack Henry & Associates’s dividend payout ratio is presently 44.57%.

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Jack Henry & Associates Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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