Northern Trust Corp lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 19.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 793,583 shares of the technology company’s stock after buying an additional 129,125 shares during the period. Northern Trust Corp owned about 1.02% of Jack Henry & Associates worth $82,429,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $114,000. Parallel Advisors LLC raised its stake in shares of Jack Henry & Associates by 43.3% during the 1st quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock worth $108,000 after buying an additional 335 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Jack Henry & Associates by 40.6% during the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after buying an additional 379 shares in the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Jack Henry & Associates during the 1st quarter worth approximately $124,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Jack Henry & Associates by 249.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,799 shares of the technology company’s stock worth $187,000 after buying an additional 1,284 shares in the last quarter. 91.66% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. 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 note on Friday, August 18th. Cantor Fitzgerald assumed coverage on Jack Henry & Associates in a research note on Monday, August 28th. They set an “overweight” rating and a $112.00 target price for the company. Finally, Robert W. Baird reissued a “hold” rating and set a $104.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $107.50.

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Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at 102.79 on Friday. The company has a 50 day moving average price of $102.83 and a 200-day moving average price of $100.55. The firm has a market cap of $7.96 billion, a PE ratio of 32.74 and a beta of 0.75. Jack Henry & Associates, Inc. has a 12-month low of $79.00 and a 12-month high of $109.67.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, meeting the Zacks’ 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 for the quarter, compared to analysts’ expectations of $372.98 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts expect that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 1.21%. Jack Henry & Associates’s payout ratio is 39.49%.

In related news, VP Mark S. Forbis sold 2,600 shares of the business’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 transaction of $263,016.00. Following the sale, the vice president now owns 1,696 shares of the company’s stock, valued at $171,567.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin D. Williams sold 20,000 shares of the business’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 value of $2,032,600.00. Following the sale, the insider now directly owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Jack Henry & Associates 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).

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

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