Simmons Bank cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031,199 shares of the technology company’s stock after selling 60 shares during the period. Jack Henry & Associates comprises about 12.0% of Simmons Bank’s holdings, making the stock its largest position. Simmons Bank owned 1.33% of Jack Henry & Associates worth $107,111,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Synovus Financial Corp increased its position in shares of Jack Henry & Associates by 21.9% during the second quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock worth $1,277,000 after purchasing an additional 2,202 shares in the last quarter. BlackRock Inc. increased its position in shares of Jack Henry & Associates by 11,657.7% during the first quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock worth $574,556,000 after purchasing an additional 6,118,912 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth about $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Jack Henry & Associates during the second quarter worth about $3,302,000. Finally, Victory Capital Management Inc. increased its position in shares of Jack Henry & Associates by 24.2% during the second quarter. Victory Capital Management Inc. now owns 27,240 shares of the technology company’s stock worth $2,829,000 after purchasing an additional 5,313 shares in the last quarter. Institutional investors own 91.66% of the company’s stock.

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A number of analysts have recently commented on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Stephens reiterated an “equal weight” rating and set a $97.00 target price (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Cantor Fitzgerald started coverage on Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 target price on the stock. Finally, Robert W. Baird reiterated a “hold” rating and set a $104.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Jack Henry & Associates has a consensus rating of “Hold” and an average target price of $104.33.

Jack Henry & Associates, Inc. (JKHY) traded up 0.52% during mid-day trading on Friday, hitting $104.41. The stock had a trading volume of 229,614 shares. Jack Henry & Associates, Inc. has a one year low of $79.00 and a one year high of $109.67. The company has a 50 day moving average price of $101.83 and a 200 day moving average price of $101.21. The stock has a market cap of $8.09 billion, a P/E ratio of 33.25 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The business had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. During the same quarter last year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s payout ratio is 39.49%.

In related news, insider Kevin D. Williams sold 20,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the sale, the insider now owns 43,314 shares in the company, valued at $4,402,001.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the stock in a transaction dated 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 in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

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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