FDx Advisors Inc. Buys 1,249 Shares of Jack Henry & Associates, Inc. (JKHY)

FDx Advisors Inc. grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,611 shares of the technology company’s stock after buying an additional 1,249 shares during the period. FDx Advisors Inc.’s holdings in Jack Henry & Associates were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Gideon Capital Advisors Inc. acquired a new stake in Jack Henry & Associates during the third quarter worth approximately $320,000. Pictet Asset Management Ltd. grew its stake in Jack Henry & Associates by 3.2% during the third quarter. Pictet Asset Management Ltd. now owns 71,181 shares of the technology company’s stock worth $11,395,000 after purchasing an additional 2,200 shares during the period. Carillon Tower Advisers Inc. grew its stake in Jack Henry & Associates by 9.6% during the third quarter. Carillon Tower Advisers Inc. now owns 111,075 shares of the technology company’s stock worth $17,781,000 after purchasing an additional 9,725 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Jack Henry & Associates by 1.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 59,905 shares of the technology company’s stock worth $9,532,000 after purchasing an additional 655 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Jack Henry & Associates during the third quarter worth approximately $1,681,000. 86.24% of the stock is owned by institutional investors.

Several research firms recently commented on JKHY. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Cantor Fitzgerald raised their target price on Jack Henry & Associates from $141.00 to $169.00 and gave the stock an “overweight” rating in a research note on Thursday, August 23rd. BidaskClub raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Finally, Wells Fargo & Co raised their target price on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $143.00.

Shares of NASDAQ:JKHY opened at $139.70 on Friday. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 3.37 and a beta of 0.93. Jack Henry & Associates, Inc. has a 52-week low of $112.30 and a 52-week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.15. The business had revenue of $392.54 million for the quarter, compared to analyst estimates of $385.12 million. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 3.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.48 annualized dividend and a yield of 1.06%. Jack Henry & Associates’s payout ratio is currently 41.23%.

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Jack Henry & Associates Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Read More: The Structure of a Futures Contract

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

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