Robeco Institutional Asset Management B.V. increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.1% during the third quarter, HoldingsChannel reports. The firm owned 910,874 shares of the technology company’s stock after acquiring an additional 44,148 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Jack Henry & Associates were worth $145,839,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dakota Wealth Management bought a new position in Jack Henry & Associates in the 2nd quarter worth about $1,033,000. CIBC World Markets Inc. boosted its stake in Jack Henry & Associates by 69.0% in the 2nd quarter. CIBC World Markets Inc. now owns 9,413 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,842 shares in the last quarter. California Public Employees Retirement System boosted its stake in Jack Henry & Associates by 18.2% in the 2nd quarter. California Public Employees Retirement System now owns 229,231 shares of the technology company’s stock worth $29,883,000 after purchasing an additional 35,326 shares in the last quarter. Martingale Asset Management L P boosted its stake in Jack Henry & Associates by 26.3% in the 2nd quarter. Martingale Asset Management L P now owns 127,632 shares of the technology company’s stock worth $16,639,000 after purchasing an additional 26,600 shares in the last quarter. Finally, Landmark Bank bought a new position in Jack Henry & Associates in the 2nd quarter worth about $2,766,000. Institutional investors own 87.77% of the company’s stock.

In other news, Director John F. Prim sold 6,329 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now owns 206,318 shares of the company’s stock, valued at approximately $32,474,453.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the stock. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday. ValuEngine cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Cantor Fitzgerald restated a “buy” rating and set a $141.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 21st. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research note on Tuesday, August 14th. Finally, Wells Fargo & Co upped their target price on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $143.00.

JKHY opened at $141.50 on Friday. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 3.31 and a beta of 0.93. Jack Henry & Associates, Inc. has a 52-week low of $111.37 and a 52-week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.13%. The firm had revenue of $392.54 million during the quarter, compared to analyst estimates of $385.12 million. During the same quarter in the prior year, the firm earned $0.86 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 3.96 earnings per share for the current fiscal year.

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About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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