Bard Associates Inc. decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,800 shares of the technology company’s stock after selling 300 shares during the period. Bard Associates Inc.’s holdings in Jack Henry & Associates were worth $914,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in JKHY. Great West Life Assurance Co. Can raised its position in shares of Jack Henry & Associates by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 53,381 shares of the technology company’s stock valued at $4,969,000 after purchasing an additional 2,052 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Jack Henry & Associates by 2.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 109,812 shares of the technology company’s stock valued at $10,223,000 after purchasing an additional 2,292 shares during the period. First Trust Advisors LP raised its position in shares of Jack Henry & Associates by 61.6% in the first quarter. First Trust Advisors LP now owns 79,291 shares of the technology company’s stock valued at $7,382,000 after purchasing an additional 30,231 shares during the period. Capital Fund Management S.A. raised its position in shares of Jack Henry & Associates by 174.1% in the first quarter. Capital Fund Management S.A. now owns 6,776 shares of the technology company’s stock valued at $631,000 after purchasing an additional 4,304 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jack Henry & Associates by 16.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,888 shares of the technology company’s stock valued at $269,000 after purchasing an additional 399 shares during the period. 91.99% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 102.50 on Tuesday. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 32.64 and a beta of 0.75. Jack Henry & Associates, Inc. has a 52-week low of $79.00 and a 52-week high of $109.67. The stock has a 50 day moving average of $103.64 and a 200 day moving average of $100.21.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data 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 company 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

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

Several research firms have recently issued reports on JKHY. Zacks Investment Research lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Stephens reissued an “equal weight” rating and issued a $97.00 price target (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Finally, Cantor Fitzgerald began coverage on shares of Jack Henry & Associates in a research report on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target on the 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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