Colony Group LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 62.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,563 shares of the technology company’s stock after purchasing an additional 16,405 shares during the quarter. Colony Group LLC owned 0.05% of Jack Henry & Associates worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Koch Industries Inc. bought a new position in Jack Henry & Associates during the second quarter valued at $203,000. Ameritas Investment Partners Inc. lifted its position in Jack Henry & Associates by 1.5% during the second quarter. Ameritas Investment Partners Inc. now owns 23,237 shares of the technology company’s stock valued at $2,414,000 after purchasing an additional 353 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Jack Henry & Associates by 27.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,412 shares of the technology company’s stock valued at $2,328,000 after purchasing an additional 4,782 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Jack Henry & Associates by 6.0% during the second quarter. Coldstream Capital Management Inc. now owns 7,941 shares of the technology company’s stock valued at $825,000 after purchasing an additional 450 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Jack Henry & Associates by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 114,750 shares of the technology company’s stock valued at $11,920,000 after purchasing an additional 2,287 shares during the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) traded up 0.3265% during midday trading on Friday, hitting $105.5234. 48,210 shares of the stock traded hands. The company’s 50 day moving average price is $102.46 and its 200-day moving average price is $101.54. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 33.6062 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.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 earnings per share for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $383.77 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $1.06 EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post $3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.18%. Jack Henry & Associates’s payout ratio is 39.49%.

Several equities analysts have commented on JKHY shares. Cantor Fitzgerald started coverage on shares of Jack Henry & Associates in a research report on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective for the company. Zacks Investment Research lowered shares of Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Robert W. Baird reiterated a “hold” rating and set a $104.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Stephens reissued 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 note on Friday, August 18th. Finally, BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $105.67.

In other news, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the transaction, the insider now owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the transaction, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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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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