Frontier Capital Management Co. LLC decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,381 shares of the technology company’s stock after selling 65,069 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 0.72% of Jack Henry & Associates worth $57,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its holdings in Jack Henry & Associates by 36.8% during the 2nd quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after purchasing an additional 2,268,592 shares during the period. Vanguard Group Inc. increased its holdings in Jack Henry & Associates by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 7,375,430 shares of the technology company’s stock worth $766,086,000 after purchasing an additional 212,291 shares during the period. Capital World Investors increased its holdings in Jack Henry & Associates by 4.5% during the 2nd quarter. Capital World Investors now owns 4,188,500 shares of the technology company’s stock worth $435,059,000 after purchasing an additional 180,000 shares during the period. Janus Henderson Group PLC purchased a new stake in Jack Henry & Associates during the 2nd quarter worth about $372,869,000. Finally, State Street Corp increased its holdings in Jack Henry & Associates by 28.7% during the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock worth $277,675,000 after purchasing an additional 596,227 shares during the period. Institutional investors own 91.13% of the company’s stock.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $111.61 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $79.84 and a 1-year high of $111.94. The company has a market capitalization of $8,619.19, a PE ratio of 35.54, a PEG ratio of 2.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.10 and a quick ratio of 1.10.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The business had revenue of $383.77 million for the quarter, compared to the consensus estimate of $372.98 million. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. sell-side analysts forecast that Jack Henry & Associates, Inc. will post 3.28 earnings per share for the current year.

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In related news, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 1,696 shares in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded 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 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 report on Friday, October 20th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a report on Monday, August 28th. They issued an “overweight” rating and a $112.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $103.25.

Jack Henry & Associates Company 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).

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

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