California State Teachers Retirement System raised its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,744 shares of the technology company’s stock after buying an additional 4,155 shares during the period. California State Teachers Retirement System’s holdings in Jack Henry & Associates were worth $17,680,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cutler Group LP acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $25,000. Sun Life Financial INC acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $27,000. Guardian Life Insurance Co. of America acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $28,000. Legacy Financial Advisors Inc. raised its stake in Jack Henry & Associates by 415.9% in the fourth quarter. Legacy Financial Advisors Inc. now owns 227 shares of the technology company’s stock valued at $29,000 after buying an additional 183 shares in the last quarter. Finally, Riverview Trust Co acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $37,000. Institutional investors own 89.34% of the company’s stock.

Jack Henry & Associates stock opened at $137.24 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $116.79 and a 1-year high of $163.68. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 3.42 and a beta of 0.87.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The business had revenue of $386.28 million for the quarter, compared to analysts’ expectations of $380.40 million. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Jack Henry & Associates, Inc. will post 3.57 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, March 1st will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.37. Jack Henry & Associates’s payout ratio is 44.57%.

In other news, VP Ronald L. Moses sold 750 shares of Jack Henry & Associates stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $134.20, for a total transaction of $100,650.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John F. Prim sold 7,575 shares of Jack Henry & Associates stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $131.91, for a total value of $999,218.25. Following the sale, the director now owns 218,491 shares in the company, valued at approximately $28,821,147.81. The disclosure for this sale can be found here. Insiders have sold 12,713 shares of company stock worth $1,685,666 in the last quarter. Insiders own 0.84% of the company’s stock.

JKHY has been the topic of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $163.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, February 5th. BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, Raymond James initiated coverage on Jack Henry & Associates in a research note on Wednesday, February 20th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $152.75.

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About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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