Jack Henry & Associates, Inc. (JKHY) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,790 shares of the technology company’s stock after selling 5,672 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of Jack Henry & Associates worth $17,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Synovus Financial Corp increased its holdings in Jack Henry & Associates by 21.9% during the second 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. Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 7,267 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Jack Henry & Associates during the second quarter worth about $3,302,000. Shelton Capital Management purchased a new position in shares of Jack Henry & Associates in the second quarter worth about $607,000. Finally, BlackRock Inc. increased its stake in shares of Jack Henry & Associates by 36.8% in the second quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after purchasing an additional 2,268,592 shares in the last quarter. Institutional investors and hedge funds own 89.11% of the company’s stock.

In other news, insider Kevin D. Williams sold 20,000 shares of the firm’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 transaction, the insider now directly owns 43,314 shares in the company, valued at $4,402,001.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark S. Forbis sold 2,600 shares of the firm’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 completion of the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at $171,567.36. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

JKHY has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating and issued a $114.00 target price on shares of Jack Henry & Associates in a research note on Friday, November 10th. Cantor Fitzgerald lifted their target price on shares of Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Stephens reiterated 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, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $103.00 target price (up previously from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $110.50.

Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $114.77 on Wednesday. Jack Henry & Associates, Inc. has a 1 year low of $86.71 and a 1 year high of $117.46. The company has a market cap of $8,860.00, a P/E ratio of 36.67, a PEG ratio of 3.02 and a beta of 0.77.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a $0.31 dividend. 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 1.08%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 39.12%.

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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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