Metropolitan Life Insurance Co. NY Has $3.43 Million Holdings in Jack Henry & Associates, Inc. (JKHY)

Metropolitan Life Insurance Co. NY grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.7% in the second quarter, Holdings Channel reports. The institutional investor owned 26,277 shares of the technology company’s stock after buying an additional 428 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Jack Henry & Associates were worth $3,425,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Virginia Retirement Systems ET AL acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth about $302,000. Victory Capital Management Inc. lifted its position in shares of Jack Henry & Associates by 12.9% during the 1st quarter. Victory Capital Management Inc. now owns 37,261 shares of the technology company’s stock worth $4,507,000 after purchasing an additional 4,244 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth about $249,000. State of Wisconsin Investment Board lifted its position in shares of Jack Henry & Associates by 10.2% during the 1st quarter. State of Wisconsin Investment Board now owns 90,235 shares of the technology company’s stock worth $10,914,000 after purchasing an additional 8,340 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Jack Henry & Associates by 4.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 359,076 shares of the technology company’s stock worth $43,431,000 after purchasing an additional 15,967 shares during the last quarter. 88.08% of the stock is owned by institutional investors.

In related news, Director John F. Prim sold 6,329 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the transaction, the director now directly owns 206,318 shares in the company, valued at $32,474,453.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wesley A. Brown sold 3,479 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $132.21, for a total value of $459,958.59. Following the transaction, the director now owns 91,124 shares in the company, valued at $12,047,504.04. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Shares of JKHY opened at $162.86 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $100.78 and a 12-month high of $163.51. The stock has a market cap of $12.47 billion, a P/E ratio of 45.00, a PEG ratio of 3.66 and a beta of 0.92.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 21st. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.15. Jack Henry & Associates had a return on equity of 23.72% and a net margin of 24.51%. The firm had revenue of $417.20 million for the quarter, compared to analyst estimates of $407.57 million. During the same period in the previous year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts anticipate that Jack Henry & Associates, Inc. will post 4.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 10th. This represents a $1.48 annualized dividend and a yield of 0.91%. Jack Henry & Associates’s dividend payout ratio is 41.23%.

Several research firms recently weighed in on JKHY. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Cantor Fitzgerald reissued a “buy” rating and set a $134.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, May 22nd. BidaskClub raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 2nd. Wells Fargo & Co boosted their price objective on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. Finally, Robert W. Baird boosted their price objective on Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, July 16th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $137.29.

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.

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

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