Parametric Portfolio Associates LLC Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Parametric Portfolio Associates LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 214,146 shares of the technology company’s stock after acquiring an additional 11,466 shares during the period. Parametric Portfolio Associates LLC owned about 0.28% of Jack Henry & Associates worth $31,259,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates in the second quarter worth $25,000. Squar Milner Financial Services LLC boosted its position in shares of Jack Henry & Associates by 387.2% during the third quarter. Squar Milner Financial Services LLC now owns 190 shares of the technology company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock worth $34,000 after buying an additional 72 shares in the last quarter. CWM LLC increased its holdings in Jack Henry & Associates by 40.9% in the 3rd quarter. CWM LLC now owns 310 shares of the technology company’s stock worth $45,000 after buying an additional 90 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its position in Jack Henry & Associates by 60.6% in the 2nd quarter. CSat Investment Advisory L.P. now owns 350 shares of the technology company’s stock worth $47,000 after buying an additional 132 shares during the last quarter. 91.34% of the stock is currently owned by institutional investors and hedge funds.

In other Jack Henry & Associates news, VP Ronald L. Moses sold 1,800 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $146.60, for a total value of $263,880.00. Following the transaction, the vice president now directly owns 1,838 shares in the company, valued at $269,450.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark S. Forbis sold 1,479 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $148.29, for a total transaction of $219,320.91. Following the completion of the transaction, the vice president now owns 1,621 shares in the company, valued at $240,378.09. The disclosure for this sale can be found here. Insiders have sold 4,292 shares of company stock valued at $637,491 over the last 90 days. 0.85% of the stock is currently owned by company insiders.

JKHY has been the topic of several research analyst reports. Atlantic Securities began coverage on shares of Jack Henry & Associates in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 target price on the stock. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Finally, ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $152.20.

JKHY stock opened at $150.15 on Wednesday. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 3.60 and a beta of 0.90. The business’s 50-day moving average is $146.17 and its two-hundred day moving average is $141.47. Jack Henry & Associates, Inc. has a fifty-two week low of $120.20 and a fifty-two week high of $152.93.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.12. Jack Henry & Associates had a return on equity of 19.41% and a net margin of 17.38%. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $420.34 million. During the same period in the previous year, the company posted $1.08 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 3.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, November 29th. Jack Henry & Associates’s payout ratio is 45.45%.

Jack Henry & Associates Company 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.

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

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