Kayne Anderson Rudnick Investment Management LLC decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,886,610 shares of the technology company’s stock after selling 96,307 shares during the quarter. Jack Henry & Associates makes up 2.0% of Kayne Anderson Rudnick Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 2.43% of Jack Henry & Associates worth $195,964,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. YorkBridge Wealth Partners LLC grew its stake in shares of Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock worth $102,000 after purchasing an additional 185 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock worth $108,000 after purchasing an additional 335 shares during the last quarter. TrimTabs Asset Management LLC grew its stake in shares of Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock worth $114,000 after purchasing an additional 576 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Jack Henry & Associates in the first quarter worth $124,000. Finally, IFP Advisors Inc grew its stake in shares of Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after purchasing an additional 379 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

Shares of Jack Henry & Associates, Inc. (JKHY) traded down 0.50% during mid-day trading on Monday, hitting $102.55. 262,209 shares of the company traded hands. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $109.67. The firm’s 50 day moving average price is $104.21 and its 200-day moving average price is $99.78. The stock has a market capitalization of $7.94 billion, a PE ratio of 32.66 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. The business had revenue of $383.77 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

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

JKHY has been the topic of several analyst reports. BidaskClub cut shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens reissued an “equal weight” rating and issued a $97.00 price objective (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Cantor Fitzgerald initiated coverage on shares of Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 price objective on the stock.

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

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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).

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

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