Fieldpoint Private Securities LLC Takes $237,000 Position in Jack Henry & Associates, Inc. (JKHY)

Fieldpoint Private Securities LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,305 shares of the technology company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new stake in Jack Henry & Associates in the second quarter valued at $234,000. IFP Advisors Inc lifted its holdings in Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after acquiring an additional 379 shares during the period. TD Asset Management Inc. lifted its holdings in Jack Henry & Associates by 2.3% in the second quarter. TD Asset Management Inc. now owns 72,810 shares of the technology company’s stock valued at $7,563,000 after acquiring an additional 1,622 shares during the period. Pictet Asset Management Ltd. acquired a new stake in Jack Henry & Associates in the second quarter valued at $2,687,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Jack Henry & Associates by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 311,076 shares of the technology company’s stock valued at $32,312,000 after acquiring an additional 21,637 shares during the period. 89.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $116.06 on Friday. The company has a market capitalization of $8,983.14, a PE ratio of 37.40, a P/E/G ratio of 3.08 and a beta of 0.78. Jack Henry & Associates, Inc. has a 52-week low of $88.11 and a 52-week high of $117.64.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio is presently 39.12%.

Several research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $112.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 8th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens reaffirmed an “equal weight” rating and set a $97.00 price target (up previously from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Robert W. Baird reaffirmed a “hold” rating and set a $104.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Finally, Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $110.50.

In other Jack Henry & Associates news, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Wednesday, September 20th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the sale, 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. Company insiders own 0.78% of the company’s stock.

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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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