Citigroup Inc. reduced its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 61.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,862 shares of the technology company’s stock after selling 15,892 shares during the period. Citigroup Inc.’s holdings in Jack Henry & Associates were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JKHY. BlackRock Inc. lifted its position in shares of Jack Henry & Associates by 11,657.7% during the first quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock worth $574,556,000 after purchasing an additional 6,118,912 shares in the last quarter. Swiss National Bank lifted its position in shares of Jack Henry & Associates by 367.2% during the second quarter. Swiss National Bank now owns 603,200 shares of the technology company’s stock worth $62,654,000 after purchasing an additional 474,100 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Jack Henry & Associates by 4.9% during the first quarter. Vanguard Group Inc. now owns 7,163,139 shares of the technology company’s stock worth $666,889,000 after purchasing an additional 337,287 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Jack Henry & Associates during the second quarter worth $25,441,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Jack Henry & Associates by 302.2% during the second quarter. UBS Asset Management Americas Inc. now owns 321,321 shares of the technology company’s stock worth $33,376,000 after purchasing an additional 241,437 shares in the last quarter. 91.66% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on JKHY shares. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Robert W. Baird reissued a “hold” rating and set a $104.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Cantor Fitzgerald started coverage on shares of Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price on the stock. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Stephens reissued an “equal weight” rating and set a $97.00 target price (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $104.33.

In other news, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total value of $2,032,600.00. Following the completion of the sale, the insider now directly owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the sale, the vice president now directly owns 1,696 shares of the company’s stock, valued at $171,567.36. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

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Shares of Jack Henry & Associates, Inc. (JKHY) opened at 103.87 on Friday. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 33.08 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52 week low of $79.00 and a 52 week high of $109.67. The company has a 50 day moving average of $101.66 and a 200-day moving average of $101.14.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The company had revenue of $383.77 million during the quarter, compared to analysts’ expectations of $372.98 million. During the same period in the prior year, the business earned $1.06 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post $3.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a $0.31 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio is 39.49%.

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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