Advisor Group Inc. Has $777,000 Holdings in Jack Henry & Associates, Inc. (JKHY)

Advisor Group Inc. lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,551 shares of the technology company’s stock after selling 2,209 shares during the period. Advisor Group Inc.’s holdings in Jack Henry & Associates were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synovus Financial Corp grew its stake in Jack Henry & Associates by 21.9% in the second quarter. Synovus Financial Corp now owns 12,251 shares of the technology company’s stock valued at $1,277,000 after purchasing an additional 2,202 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Jack Henry & Associates by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 407,667 shares of the technology company’s stock worth $42,345,000 after acquiring an additional 7,267 shares during the last quarter. Moody Aldrich Partners LLC purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $219,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $3,302,000. Finally, Shelton Capital Management purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $607,000. Institutional investors own 89.43% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at $114.22 on Thursday. Jack Henry & Associates, Inc. has a 52 week low of $84.28 and a 52 week high of $115.34. The firm has a market capitalization of $8,754.53, a PE ratio of 36.45, a PEG ratio of 3.00 and a beta of 0.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.09%. Jack Henry & Associates’s payout ratio is 39.12%.

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JKHY has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $103.00 price target (up previously from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Cantor Fitzgerald restated a “buy” rating and set a $112.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 8th. Robert W. Baird restated a “neutral” rating and set a $108.00 price target (up previously from $104.00) on shares of Jack Henry & Associates in a research note on Tuesday, October 10th. Finally, BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $110.50.

In related news, VP Mark S. Forbis sold 2,600 shares of the company’s 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 sale, the vice president now owns 1,696 shares in the company, valued at $171,567.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin D. Williams sold 20,000 shares of the company’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 value of $2,032,600.00. Following the completion of the sale, the insider now owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Jack Henry & Associates 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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