Teachers Retirement System of The State of Kentucky decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,640 shares of the technology company’s stock after selling 1,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Jack Henry & Associates were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp lifted its position in Jack Henry & Associates by 21.9% in the 2nd quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock worth $1,277,000 after buying an additional 2,202 shares during the last quarter. BlackRock Inc. lifted its position in Jack Henry & Associates by 11,657.7% in the 1st quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock worth $574,556,000 after buying an additional 6,118,912 shares during the last quarter. Moody Aldrich Partners LLC bought a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Jack Henry & Associates in the 2nd quarter worth approximately $3,302,000. Finally, Victory Capital Management Inc. lifted its position in Jack Henry & Associates by 24.2% in the 2nd quarter. Victory Capital Management Inc. now owns 27,240 shares of the technology company’s stock worth $2,829,000 after buying an additional 5,313 shares during the last quarter. Institutional investors own 91.66% of the company’s stock.

A number of research firms recently weighed in on JKHY. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Stephens restated an “equal weight” rating and issued a $97.00 target price (up previously from $93.00) on shares of Jack Henry & Associates in a research report on Friday, August 18th. Cantor Fitzgerald began coverage on Jack Henry & Associates in a research report on Monday, August 28th. They issued an “overweight” rating and a $112.00 target price for the company. Finally, Robert W. Baird restated a “hold” rating and issued a $104.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $104.33.

In other news, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total value of $2,032,600.00. Following the completion of the transaction, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

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Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at 103.92 on Thursday. The company has a market cap of $8.05 billion, a P/E ratio of 33.10 and a beta of 0.75. The firm has a 50-day moving average price of $101.60 and a 200 day moving average price of $101.12. Jack Henry & Associates, Inc. has a 12 month low of $79.00 and a 12 month high of $109.67.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio (DPR) is 39.49%.

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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