Ajo LP increased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 129.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,682 shares of the technology company’s stock after buying an additional 17,882 shares during the quarter. Ajo LP’s holdings in Jack Henry & Associates were worth $3,291,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Planning Corp grew its stake in shares of Jack Henry & Associates by 0.3% during the 2nd quarter. National Planning Corp now owns 3,541 shares of the technology company’s stock worth $365,000 after purchasing an additional 11 shares during the period. Wrapmanager Inc. grew its stake in shares of Jack Henry & Associates by 0.4% during the 2nd quarter. Wrapmanager Inc. now owns 3,521 shares of the technology company’s stock worth $366,000 after purchasing an additional 13 shares during the period. McQueen Ball & Associates Inc. grew its stake in shares of Jack Henry & Associates by 0.3% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 8,969 shares of the technology company’s stock worth $932,000 after purchasing an additional 27 shares during the period. Sawtooth Solutions LLC grew its stake in shares of Jack Henry & Associates by 1.4% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,413 shares of the technology company’s stock worth $251,000 after purchasing an additional 33 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Jack Henry & Associates by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,529 shares of the technology company’s stock worth $1,094,000 after purchasing an additional 42 shares during the period. Institutional investors own 91.66% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $117.00 price objective on the stock. in a research note on Tuesday, May 30th. 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 reaffirmed an “equal weight” rating and set a $97.00 price objective (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Finally, Cantor Fitzgerald assumed coverage on shares of Jack Henry & Associates in a research note on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at 101.74 on Monday. The firm has a market cap of $7.88 billion, a PE ratio of 32.40 and a beta of 0.75. The stock’s 50 day moving average is $103.11 and its 200-day moving average is $100.36. Jack Henry & Associates, Inc. has a 52 week low of $79.00 and a 52 week high of $109.67.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.49%.

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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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