3,694 Shares in Jack Henry & Associates, Inc. (JKHY) Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,694 shares of the technology company’s stock, valued at approximately $380,000.

A number of other large investors also recently added to or reduced their stakes in JKHY. National Planning Corp grew its stake in Jack Henry & Associates by 0.3% in the second quarter. National Planning Corp now owns 3,541 shares of the technology company’s stock valued at $365,000 after purchasing an additional 11 shares in the last quarter. Wrapmanager Inc. increased its holdings in Jack Henry & Associates by 0.4% during the 2nd quarter. Wrapmanager Inc. now owns 3,521 shares of the technology company’s stock valued at $366,000 after purchasing an additional 13 shares in the last quarter. Sawtooth Solutions LLC increased its holdings 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Jack Henry & Associates by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,529 shares of the technology company’s stock valued at $1,094,000 after purchasing an additional 42 shares in the last quarter. Finally, Ronna Sue Cohen increased its holdings in Jack Henry & Associates by 0.3% during the 2nd quarter. Ronna Sue Cohen now owns 17,788 shares of the technology company’s stock valued at $1,848,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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A number of research firms recently weighed in on JKHY. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Robert W. Baird reiterated a “hold” rating and issued a $104.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $96.00 price objective on shares of Jack Henry & Associates in a research report on Friday, October 20th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Cantor Fitzgerald started coverage on Jack Henry & Associates in a research report on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $110.50.

In related news, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the sale, the insider now owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the sale, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

Jack Henry & Associates, Inc. (JKHY) traded down $0.84 during trading hours on Tuesday, hitting $112.85. The stock had a trading volume of 350,700 shares, compared to its average volume of 383,242. Jack Henry & Associates, Inc. has a 1-year low of $84.25 and a 1-year high of $115.34. The company has a market cap of $8,710.00, a price-to-earnings ratio of 36.56, a P/E/G ratio of 3.01 and a beta of 0.77.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Jack Henry & Associates had a return on equity of 23.92% and a net margin of 17.08%. The business had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. During the same period last year, the company earned $1.06 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. equities analysts predict that Jack Henry & Associates, Inc. will post 3.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s payout ratio is presently 39.12%.

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)

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