Boothbay Fund Management LLC purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,000 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synovus Financial Corp raised its position in Jack Henry & Associates by 21.9% in the second quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock worth $1,277,000 after acquiring an additional 2,202 shares during the period. Dimensional Fund Advisors LP raised its position in Jack Henry & Associates by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 407,667 shares of the technology company’s stock worth $42,345,000 after acquiring an additional 7,267 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Jack Henry & Associates in the second quarter worth approximately $3,302,000. Shelton Capital Management bought a new position in Jack Henry & Associates in the second quarter worth approximately $607,000. Finally, BlackRock Inc. raised its position in Jack Henry & Associates by 36.8% in the second quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after acquiring an additional 2,268,592 shares during the period. Institutional investors and hedge funds own 89.11% of the company’s stock.

Several analysts have recently commented on JKHY shares. Royal Bank of Canada restated a “sector perform” rating and set a $103.00 price objective (up from $96.00) on shares of Jack Henry & Associates in a research report on Thursday, November 9th. Cantor Fitzgerald raised their price objective on shares of Jack Henry & Associates to $128.00 and gave the company an “overweight” rating in a research report on Thursday, November 9th. Robert W. Baird restated a “hold” rating and set a $114.00 price objective on shares of Jack Henry & Associates in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $110.50.

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

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $116.27 on Thursday. The company has a market cap of $9,027.94, a price-to-earnings ratio of 37.58, a PEG ratio of 3.09 and a beta of 0.78. Jack Henry & Associates, Inc. has a 52-week low of $88.11 and a 52-week high of $117.64.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. Jack Henry & Associates’s payout ratio is 39.12%.

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About Jack Henry & Associates

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).

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

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