Schwab Charles Investment Management Inc. Acquires 13,749 Shares of Jack Henry & Associates, Inc. (JKHY)

Schwab Charles Investment Management Inc. grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 343,109 shares of the technology company’s stock after buying an additional 13,749 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Jack Henry & Associates were worth $40,131,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its position in Jack Henry & Associates by 28.7% during the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock worth $277,675,000 after purchasing an additional 596,227 shares during the period. TimesSquare Capital Management LLC lifted its position in Jack Henry & Associates by 11.0% during the third quarter. TimesSquare Capital Management LLC now owns 713,470 shares of the technology company’s stock worth $73,338,000 after purchasing an additional 70,770 shares during the period. Swiss National Bank lifted its position in Jack Henry & Associates by 0.8% during the third quarter. Swiss National Bank now owns 607,800 shares of the technology company’s stock worth $62,476,000 after purchasing an additional 4,600 shares during the period. Dimensional Fund Advisors LP lifted its position in Jack Henry & Associates by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 413,557 shares of the technology company’s stock worth $42,509,000 after purchasing an additional 5,890 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Jack Henry & Associates by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 372,327 shares of the technology company’s stock worth $38,274,000 after purchasing an additional 5,460 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on JKHY. Cantor Fitzgerald reaffirmed a “buy” rating and set a $128.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday. Stephens reaffirmed a “hold” rating and set a $118.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a research report on Tuesday. Robert W. Baird upped their price objective on shares of Jack Henry & Associates from $114.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, DA Davidson began coverage on shares of Jack Henry & Associates in a research report on Monday, January 22nd. They set a “neutral” rating and a $118.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $122.17.

Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $114.37 on Friday. The company has a market cap of $9,054.20, a PE ratio of 37.10, a PEG ratio of 3.17 and a beta of 0.78. Jack Henry & Associates, Inc. has a fifty-two week low of $88.33 and a fifty-two week high of $127.31.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $359.93 million during the quarter, compared to the consensus estimate of $360.50 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. equities analysts anticipate that Jack Henry & Associates, Inc. will post 3.36 earnings per share for the current fiscal year.

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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).

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

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