LPL Financial LLC lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,773 shares of the technology company’s stock after selling 222 shares during the period. LPL Financial LLC’s holdings in Jack Henry & Associates were worth $1,314,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BlackRock Inc. boosted its position in Jack Henry & Associates by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,651,002 shares of the technology company’s stock valued at $1,061,499,000 after acquiring an additional 361,689 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Jack Henry & Associates by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,747,149 shares of the technology company’s stock valued at $242,402,000 after acquiring an additional 13,161 shares in the last quarter. Geode Capital Management LLC boosted its position in Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock valued at $176,281,000 after acquiring an additional 398,777 shares in the last quarter. Wells Fargo & Company MN boosted its position in Jack Henry & Associates by 2.2% during the 2nd quarter. Wells Fargo & Company MN now owns 1,286,084 shares of the technology company’s stock valued at $172,233,000 after acquiring an additional 28,239 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Jack Henry & Associates by 2.4% during the 1st quarter. Northern Trust Corp now owns 932,154 shares of the technology company’s stock valued at $129,327,000 after acquiring an additional 21,605 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Several research firms have weighed in on JKHY. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 12th. Atlantic Securities began coverage on Jack Henry & Associates in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective on the stock. Finally, Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Jack Henry & Associates presently has an average rating of “Buy” and a consensus price target of $151.50.

In related news, Director Wesley A. Brown sold 3,320 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $137.35, for a total value of $456,002.00. Following the transaction, the director now directly owns 90,931 shares of the company’s stock, valued at approximately $12,489,372.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Shares of JKHY traded up $0.49 during mid-day trading on Thursday, reaching $148.02. The company had a trading volume of 3,859 shares, compared to its average volume of 370,919. The firm has a 50-day moving average price of $142.37 and a 200 day moving average price of $138.90. Jack Henry & Associates, Inc. has a 52 week low of $120.20 and a 52 week high of $162.13. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 3.48 and a beta of 0.92.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.51%. The firm had revenue of $393.50 million for the quarter, compared to analysts’ expectations of $390.70 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 3.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. Jack Henry & Associates’s dividend payout ratio is currently 45.45%.

About Jack Henry & Associates

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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