GAM Holding AG acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,264 shares of the technology company’s stock, valued at approximately $1,793,000.

A number of other large investors also recently bought and sold shares of JKHY. State of Alaska Department of Revenue boosted its stake in Jack Henry & Associates by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 4,420 shares of the technology company’s stock valued at $411,000 after buying an additional 195 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Jack Henry & Associates by 58.1% in the first quarter. Janney Montgomery Scott LLC now owns 24,304 shares of the technology company’s stock valued at $2,263,000 after buying an additional 8,932 shares in the last quarter. Strs Ohio boosted its stake in Jack Henry & Associates by 103.4% in the first quarter. Strs Ohio now owns 147,500 shares of the technology company’s stock valued at $13,732,000 after buying an additional 75,000 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Jack Henry & Associates by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 27,946 shares of the technology company’s stock valued at $2,602,000 after buying an additional 400 shares in the last quarter. Finally, BB&T Corp boosted its stake in Jack Henry & Associates by 1.4% in the first quarter. BB&T Corp now owns 4,844 shares of the technology company’s stock valued at $451,000 after buying an additional 67 shares in the last quarter. 91.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 101.08 on Wednesday. The company has a market capitalization of $7.83 billion, a PE ratio of 32.19 and a beta of 0.75. Jack Henry & Associates, Inc. has a 12 month low of $79.00 and a 12 month high of $109.67. The firm’s 50-day moving average is $104.57 and its 200 day moving average is $99.38.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $383.77 million for the quarter, compared to the consensus estimate of $372.98 million. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.49%.

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JKHY has been the topic of several research reports. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Friday, May 5th. Stephens reaffirmed an “equal weight” rating and issued a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Cantor Fitzgerald initiated coverage on shares of Jack Henry & Associates in a research report on Monday. They issued an “overweight” rating and a $112.00 price objective on the stock.

In related news, insider John F. Prim sold 9,650 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the sale, the insider now directly owns 206,164 shares of the company’s stock, valued at approximately $21,418,377.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

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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