Pacer Advisors Inc. lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,769 shares of the technology company’s stock after acquiring an additional 1,303 shares during the quarter. Pacer Advisors Inc.’s holdings in Jack Henry & Associates were worth $1,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $421,000. Ameriprise Financial Inc. boosted its holdings in shares of Jack Henry & Associates by 1.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 372,327 shares of the technology company’s stock valued at $38,274,000 after acquiring an additional 5,460 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Jack Henry & Associates by 40.9% during the 3rd quarter. SG Americas Securities LLC now owns 24,578 shares of the technology company’s stock valued at $2,526,000 after acquiring an additional 7,140 shares in the last quarter. Commonwealth Equity Services Inc boosted its holdings in shares of Jack Henry & Associates by 5.5% during the 3rd quarter. Commonwealth Equity Services Inc now owns 10,694 shares of the technology company’s stock valued at $1,099,000 after acquiring an additional 556 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Jack Henry & Associates by 7.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,093 shares of the technology company’s stock valued at $1,551,000 after acquiring an additional 995 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors.

JKHY has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price for the company. Zacks Investment Research lowered Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $108.00 target price (up from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $96.00 price objective on shares of Jack Henry & Associates in a research report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $110.50.

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Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up $0.91 during mid-day trading on Wednesday, hitting $113.35. The stock had a trading volume of 398,000 shares, compared to its average volume of 381,985. Jack Henry & Associates, Inc. has a 1 year low of $84.28 and a 1 year high of $115.34. The company has a market cap of $8,684.24, a price-to-earnings ratio of 36.15, a PEG ratio of 2.97 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s payout ratio is 39.12%.

In related news, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was 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 approximately $171,567.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were 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 disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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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