Quantbot Technologies LP purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,100 shares of the technology company’s stock, valued at approximately $627,000.

Several other hedge funds have also recently modified their holdings of JKHY. YorkBridge Wealth Partners LLC increased its position in shares of Jack Henry & Associates by 4.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock valued at $112,000 after purchasing an additional 45 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $114,000. Parallel Advisors LLC increased its position in shares of Jack Henry & Associates by 9.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after purchasing an additional 108 shares during the period. IFP Advisors Inc increased its position 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 valued at $136,000 after purchasing an additional 379 shares during the period. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $145,000. Institutional investors own 89.43% of the company’s stock.

Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $114.57 on Friday. The stock has a market capitalization of $8,880.00, a price-to-earnings ratio of 36.73, a P/E/G ratio of 3.02 and a beta of 0.77. Jack Henry & Associates, Inc. has a 1-year low of $84.28 and a 1-year high of $115.34.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s payout ratio is 39.12%.

JKHY has been the topic of several research 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 price target on the stock. Zacks Investment Research cut Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Robert W. Baird reiterated a “neutral” rating and set a $108.00 price target (up from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $96.00 price target on shares of Jack Henry & Associates in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $110.50.

In related news, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction 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 transaction, the insider now directly owns 43,314 shares in the company, valued at approximately $4,402,001.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction 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 completion of the transaction, the vice president now owns 1,696 shares in the company, valued at $171,567.36. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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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).

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

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