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New York State Common Retirement Fund Sells 3,128 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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New York State Common Retirement Fund lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,050 shares of the technology company’s stock after selling 3,128 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of Jack Henry & Associates worth $33,476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Seeyond increased its position in shares of Jack Henry & Associates by 0.4% during the 2nd quarter. Seeyond now owns 12,870 shares of the technology company’s stock valued at $2,104,000 after purchasing an additional 57 shares during the last quarter. Cardinal Capital Management increased its position in shares of Jack Henry & Associates by 0.4% during the 3rd quarter. Cardinal Capital Management now owns 13,628 shares of the technology company’s stock valued at $2,236,000 after purchasing an additional 59 shares during the last quarter. TrinityPoint Wealth LLC increased its position in shares of Jack Henry & Associates by 2.5% during the 2nd quarter. TrinityPoint Wealth LLC now owns 2,504 shares of the technology company’s stock valued at $409,000 after purchasing an additional 62 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Jack Henry & Associates by 2.9% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 2,214 shares of the technology company’s stock valued at $363,000 after purchasing an additional 62 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Jack Henry & Associates by 2.8% in the 3rd quarter. IFP Advisors Inc now owns 2,306 shares of the technology company’s stock worth $379,000 after acquiring an additional 63 shares in the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on JKHY shares. Credit Suisse Group increased their target price on shares of Jack Henry & Associates from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 10th. UBS Group started coverage on shares of Jack Henry & Associates in a report on Wednesday, November 17th. They set a “neutral” rating and a $162.00 price objective for the company. Raymond James lowered shares of Jack Henry & Associates from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 15th. Finally, Stephens started coverage on shares of Jack Henry & Associates in a report on Thursday, November 18th. They set an “equal weight” rating and a $165.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $175.44.

NASDAQ JKHY opened at $165.43 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $12.25 billion, a P/E ratio of 38.38, a P/E/G ratio of 2.51 and a beta of 0.60. Jack Henry & Associates, Inc. has a one year low of $141.65 and a one year high of $179.98. The stock has a 50 day moving average price of $160.47 and a 200-day moving average price of $166.57.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Monday, November 8th. The technology company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.06. The firm had revenue of $488.10 million during the quarter, compared to the consensus estimate of $489.98 million. Jack Henry & Associates had a return on equity of 23.13% and a net margin of 17.96%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 4.7 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Friday, December 3rd were given a dividend of $0.46 per share. The ex-dividend date was Thursday, December 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.11%. Jack Henry & Associates’s dividend payout ratio is currently 42.69%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc engages in the provision of technology solutions and payment processing services primarily for financial services organizations. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment focuses on core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer or member information.

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