Public Employees Retirement Association of Colorado Lowers Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 120,065 shares of the technology company’s stock after selling 202 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Jack Henry & Associates were worth $19,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at approximately $25,000. Tortoise Investment Management LLC boosted its position in shares of Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Jack Henry & Associates during the first quarter worth $30,000. Blue Trust Inc. grew its stake in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after acquiring an additional 134 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in Jack Henry & Associates in the 1st quarter valued at $51,000. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Compass Point assumed coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, Evercore ISI upped their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $176.55.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $173.59 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $169.70 and a 200-day moving average price of $167.86. The firm has a market capitalization of $12.65 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.79 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 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.