Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Eqis Capital Management Inc.

Eqis Capital Management Inc. trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,409 shares of the technology company’s stock after selling 4,265 shares during the period. Eqis Capital Management Inc. owned 0.05% of Jack Henry & Associates worth $4,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its stake in Jack Henry & Associates by 13.9% during the 1st quarter. OppenheimerFunds Inc. now owns 3,678 shares of the technology company’s stock worth $342,000 after buying an additional 449 shares during the last quarter. FMR LLC grew its stake in Jack Henry & Associates by 3,750.5% during the 1st quarter. FMR LLC now owns 102,500 shares of the technology company’s stock valued at $9,542,000 after purchasing an additional 99,838 shares during the last quarter. Legal & General Group Plc grew its stake in Jack Henry & Associates by 112.6% during the 1st quarter. Legal & General Group Plc now owns 51,332 shares of the technology company’s stock valued at $4,779,000 after purchasing an additional 27,187 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Jack Henry & Associates by 8.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 14,570 shares of the technology company’s stock valued at $1,356,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Jack Henry & Associates by 22.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,891 shares of the technology company’s stock valued at $455,000 after purchasing an additional 901 shares during the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.



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Several analysts have weighed in on JKHY shares. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. 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 note on Friday, August 18th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Cantor Fitzgerald started coverage on Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $104.00 price target on shares of Jack Henry & Associates in a report on Tuesday, September 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $103.25.

In related news, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 43,314 shares in the company, valued at $4,402,001.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction that occurred on 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 owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Shares of Jack Henry & Associates, Inc. (JKHY) traded up 0.30% during trading on Friday, hitting $109.17. The company’s stock had a trading volume of 71,596 shares. The company has a 50-day moving average price of $103.48 and a 200-day moving average price of $102.40. The stock has a market cap of $8.45 billion, a PE ratio of 34.77 and a beta of 0.75. Jack Henry & Associates, Inc. has a one year low of $79.00 and a one year high of $109.67.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, August 15th. The technology company reported $0.83 earnings per share (EPS) for the quarter, meeting 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 net margin of 17.17% and a return on equity of 24.65%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. Equities analysts predict that Jack Henry & Associates, Inc. will post $3.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio is currently 39.49%.

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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