Louisiana State Employees Retirement System Has $753,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Posted by on Oct 10th, 2023

Louisiana State Employees Retirement System decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) by 4.3% in the second quarter, Holdings Channel reports. The fund owned 4,500 shares of the technology company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Jack Henry & Associates were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in Jack Henry & Associates during the 1st quarter worth $52,000. Ronald Blue Trust Inc. lifted its position in Jack Henry & Associates by 58.3% during the 1st quarter. Ronald Blue Trust Inc. now owns 345 shares of the technology company’s stock worth $61,000 after acquiring an additional 127 shares during the last quarter. State of Wyoming lifted its position in Jack Henry & Associates by 6,800.0% during the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock worth $61,000 after acquiring an additional 340 shares during the last quarter. Global Retirement Partners LLC increased its position in Jack Henry & Associates by 84.8% during the first quarter. Global Retirement Partners LLC now owns 377 shares of the technology company’s stock worth $60,000 after acquiring an additional 173 shares during the period. Finally, Platinum Investment Management Ltd. bought a new position in Jack Henry & Associates during the first quarter worth $58,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Jack Henry & Associates Trading Down 0.8 %

Shares of Jack Henry & Associates stock opened at $147.80 on Tuesday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 3.63 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $156.96 and a 200 day simple moving average of $157.65. Jack Henry & Associates, Inc. has a 12-month low of $139.28 and a 12-month high of $202.66.

Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last announced its earnings results on Wednesday, August 16th. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.15. The business had revenue of $534.63 million during the quarter, compared to analysts’ expectations of $512.78 million. Jack Henry & Associates had a net margin of 17.65% and a return on equity of 23.97%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 4.97 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 41.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JKHY shares. StockNews.com started coverage on shares of Jack Henry & Associates in a research report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet raised shares of Jack Henry & Associates from a “c+” rating to a “b” rating in a research report on Tuesday, August 15th. Morgan Stanley decreased their price objective on Jack Henry & Associates from $165.00 to $162.00 and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Royal Bank of Canada decreased their price objective on Jack Henry & Associates from $184.00 to $181.00 and set a “sector perform” rating on the stock in a report on Thursday, August 17th. Finally, The Goldman Sachs Group initiated coverage on Jack Henry & Associates in a report on Wednesday, July 12th. They set a “neutral” rating and a $173.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $174.00.

View Our Latest Stock Analysis on JKHY

Jack Henry & Associates Company Profile

(Free Report)

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.

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

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