Ameriprise Financial Inc. increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 366,867 shares of the technology company’s stock after buying an additional 83,354 shares during the period. Ameriprise Financial Inc. owned about 0.47% of Jack Henry & Associates worth $38,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Jack Henry & Associates by 4.9% in the first quarter. Vanguard Group Inc. now owns 7,163,139 shares of the technology company’s stock worth $666,889,000 after purchasing an additional 337,287 shares during the last quarter. BlackRock Inc. grew its holdings in Jack Henry & Associates by 11,657.7% in 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 during the last quarter. State Street Corp grew its holdings in Jack Henry & Associates by 3.2% in the first quarter. State Street Corp now owns 2,077,039 shares of the technology company’s stock worth $193,370,000 after purchasing an additional 65,174 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Jack Henry & Associates by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,264,616 shares of the technology company’s stock worth $131,356,000 after purchasing an additional 15,662 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Jack Henry & Associates by 0.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 953,431 shares of the technology company’s stock worth $99,032,000 after purchasing an additional 2,887 shares during the last quarter. 91.66% of the stock is owned by institutional investors.

JKHY has been the topic of several analyst reports. Zacks Investment Research lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $117.00 price target on the stock. in a report on Tuesday, May 30th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Cantor Fitzgerald initiated coverage on shares of Jack Henry & Associates in a report on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock. Finally, Robert W. Baird reissued a “hold” rating and set a $104.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $107.50.

In other Jack Henry & Associates news, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 1,696 shares in the company, valued at $171,567.36. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

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Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 102.26 on Friday. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 32.57 and a beta of 0.75. The stock’s 50 day moving average is $102.83 and its 200-day moving average is $100.55. Jack Henry & Associates, Inc. has a one year low of $79.00 and a one year high of $109.67.

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

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

About Jack Henry & Associates

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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