California Public Employees Retirement System Has $20.11 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

California Public Employees Retirement System raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,611 shares of the technology company’s stock after purchasing an additional 21,211 shares during the period. California Public Employees Retirement System owned about 0.25% of Jack Henry & Associates worth $20,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Sawtooth Solutions LLC grew its stake in Jack Henry & Associates by 1.4% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,413 shares of the technology company’s stock valued at $251,000 after purchasing an additional 33 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in Jack Henry & Associates by 4.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45 shares during the last quarter. Almanack Investment Partners LLC. grew its stake in Jack Henry & Associates by 7.7% during the 2nd quarter. Almanack Investment Partners LLC. now owns 1,433 shares of the technology company’s stock valued at $149,000 after purchasing an additional 102 shares during the last quarter. Parallel Advisors LLC grew its stake in Jack Henry & Associates by 9.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after purchasing an additional 108 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its stake in shares of Jack Henry & Associates by 2.2% in the second quarter. Formidable Asset Management LLC now owns 9,593 shares of the technology company’s stock worth $996,000 after buying an additional 211 shares during the last quarter. 88.98% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates, Inc. (JKHY) traded up $0.70 during trading hours on Friday, hitting $123.38. The company had a trading volume of 261,054 shares, compared to its average volume of 213,156. Jack Henry & Associates, Inc. has a 12-month low of $88.11 and a 12-month high of $123.56. The firm has a market capitalization of $9,475.12, a PE ratio of 38.92, a PEG ratio of 3.23 and a beta of 0.77.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.31 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.01%. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.

A number of analysts have recently commented on JKHY shares. Royal Bank of Canada restated a “sector perform” rating and issued a $103.00 target price (up previously from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Robert W. Baird reiterated a “neutral” rating and set a $108.00 price target (up previously from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Cantor Fitzgerald increased their price target on Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Jack Henry & Associates presently has a consensus rating of “Hold” and an average price target of $115.20.

TRADEMARK VIOLATION WARNING: “California Public Employees Retirement System Has $20.11 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/california-public-employees-retirement-system-has-20-11-million-position-in-jack-henry-associates-inc-jkhy.html.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply