Royal London Asset Management Ltd. Purchases 8,489 Shares of Jack Henry & Associates, Inc. (JKHY)

Royal London Asset Management Ltd. grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 134.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,814 shares of the technology company’s stock after buying an additional 8,489 shares during the period. Royal London Asset Management Ltd.’s holdings in Jack Henry & Associates were worth $2,371,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in Jack Henry & Associates by 1.5% during the 2nd quarter. BlackRock Inc. now owns 8,994,351 shares of the technology company’s stock worth $1,172,505,000 after buying an additional 130,418 shares during the period. Wells Fargo & Company MN increased its position in Jack Henry & Associates by 5.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,218,351 shares of the technology company’s stock worth $158,825,000 after buying an additional 57,827 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Jack Henry & Associates by 5.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,874 shares of the technology company’s stock worth $145,839,000 after buying an additional 44,148 shares during the period. Northern Trust Corp increased its position in Jack Henry & Associates by 1.0% during the 2nd quarter. Northern Trust Corp now owns 769,516 shares of the technology company’s stock worth $100,315,000 after buying an additional 7,296 shares during the period. Finally, Bank of America Corp DE increased its position in Jack Henry & Associates by 11.0% during the 2nd quarter. Bank of America Corp DE now owns 513,040 shares of the technology company’s stock worth $66,880,000 after buying an additional 50,808 shares during the period. Hedge funds and other institutional investors own 86.24% of the company’s stock.

Shares of NASDAQ JKHY opened at $135.76 on Monday. Jack Henry & Associates, Inc. has a 52 week low of $112.30 and a 52 week high of $163.68. The firm has a market capitalization of $10.47 billion, a P/E ratio of 37.82, a P/E/G ratio of 3.29 and a beta of 0.93.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The company had revenue of $392.54 million for the quarter, compared to analysts’ expectations of $385.12 million. During the same quarter last year, the business earned $0.86 earnings per share. Jack Henry & Associates’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect that Jack Henry & Associates, Inc. will post 3.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, November 30th. Jack Henry & Associates’s payout ratio is currently 41.23%.

In related news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $157.40, for a total value of $996,184.60. Following the transaction, the director now owns 206,318 shares in the company, valued at $32,474,453.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

Several research firms have weighed in on JKHY. Zacks Investment Research cut Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 10th. ValuEngine cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. Wells Fargo & Co increased their price objective on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. Finally, Cantor Fitzgerald increased their price objective on Jack Henry & Associates from $141.00 to $169.00 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $143.00.

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Jack Henry & Associates Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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