Teacher Retirement System of Texas Cuts Stake in Jack Henry & Associates, Inc. $JKHY

The Teacher Retirement System of Texas reduced its stake in Jack Henry & Associates, Inc. by 7.6% in the fourth quarter, selling 6,715 shares and ending with 81,102 shares valued at approximately $14.8 million. This comes as Jack Henry & Associates reported strong quarterly earnings, beating expectations with $1.72 EPS and $611.18M in revenue, and raised its quarterly dividend. Institutional ownership remains high at 98.75%, with analysts giving the stock a “Moderate Buy” rating and an average price target of $200.15.

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