Bahl & Gaynor Inc. trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,400 shares of the technology company’s stock after selling 1,150 shares during the period. Bahl & Gaynor Inc. owned about 0.05% of Jack Henry & Associates worth $6,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new position in Jack Henry & Associates in the second quarter valued at about $108,000. Cornerstone Wealth Management LLC acquired a new position in Jack Henry & Associates in the second quarter valued at about $114,000. Fort L.P. acquired a new position in Jack Henry & Associates in the second quarter valued at about $122,000. Signaturefd LLC grew its stake in Jack Henry & Associates by 67.7% in the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after acquiring an additional 382 shares during the period. Finally, Bessemer Group Inc. grew its stake in Jack Henry & Associates by 311.3% in the second quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock valued at $143,000 after acquiring an additional 825 shares during the period. 86.24% of the stock is owned by hedge funds and other institutional investors.

JKHY stock opened at $136.19 on Thursday. The stock has a market cap of $10.44 billion, a PE ratio of 37.94, a PEG ratio of 3.28 and a beta of 0.93. Jack Henry & Associates, Inc. has a fifty-two week low of $112.30 and a fifty-two week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.15. The company had revenue of $392.54 million during the quarter, compared to analysts’ expectations of $385.12 million. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. Jack Henry & Associates’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. Research analysts anticipate that Jack Henry & Associates, Inc. will post 3.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Monday, December 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 1.09%. Jack Henry & Associates’s dividend payout ratio is currently 41.23%.

JKHY has been the subject of a number of research analyst reports. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $141.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, August 21st. Wells Fargo & Co boosted their target price on 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. Finally, ValuEngine raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $143.00.

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

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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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