Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.6% during the first quarter, HoldingsChannel reports. The firm owned 46,800 shares of the technology company’s stock after buying an additional 4,500 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Jack Henry & Associates were worth $6,493,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Cutler Group LP acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in Jack Henry & Associates in the first quarter valued at approximately $25,000. Sun Life Financial INC acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $27,000. Executive Wealth Management LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $27,000. Finally, Guardian Life Insurance Co. of America acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $28,000. Institutional investors own 87.95% of the company’s stock.

In other Jack Henry & Associates news, VP Ronald L. Moses sold 750 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $134.20, for a total value of $100,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark S. Forbis sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $134.74, for a total transaction of $134,740.00. Following the completion of the sale, the insider now directly owns 1,013 shares of the company’s stock, valued at approximately $136,491.62. The disclosure for this sale can be found here. Insiders sold 2,660 shares of company stock valued at $360,570 in the last ninety days. Insiders own 0.84% of the company’s stock.

Shares of NASDAQ:JKHY opened at $132.49 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $120.20 and a 52 week high of $163.68. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 3.55 and a beta of 0.89.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.77 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. Jack Henry & Associates had a net margin of 18.79% and a return on equity of 21.72%. The firm had revenue of $380.36 million during the quarter, compared to the consensus estimate of $382.45 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 3.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, May 22nd. Jack Henry & Associates’s payout ratio is presently 44.57%.

JKHY has been the topic of several analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $163.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Raymond James initiated coverage on shares of Jack Henry & Associates in a report on Wednesday, February 20th. They issued a “market perform” rating on the stock. Wells Fargo & Co upgraded shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $160.00 to $155.00 in a report on Thursday, February 7th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, BidaskClub upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $150.40.

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Jack Henry & Associates Profile

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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