Teachers Retirement System of The State of Kentucky Decreases Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,434 shares of the technology company’s stock after selling 519 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Jack Henry & Associates were worth $959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at about $25,000. Tortoise Investment Management LLC boosted its stake 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 valued at $27,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 134 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates in the third quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates in the third quarter worth $54,000. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on JKHY. Compass Point started coverage on shares of Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Oppenheimer assumed coverage on 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. Royal Bank of Canada lifted their price objective 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. Finally, William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $189.00.

Insider Buying and Selling at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Down 0.7 %

NASDAQ JKHY opened at $176.50 on Thursday. The firm has a market capitalization of $12.88 billion, a PE ratio of 32.33, a P/E/G ratio of 3.37 and a beta of 0.61. The stock’s 50 day moving average is $178.66 and its 200 day moving average is $172.36. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. 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 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 earnings per share. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 40.29%.

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.