Jack Henry & Associates, Inc. (JKHY) Stake Lifted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 80.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 58,490 shares of the technology company’s stock after acquiring an additional 26,070 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Jack Henry & Associates were worth $9,363,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JKHY. Kornitzer Capital Management Inc. KS purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth $18,801,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth $113,000. Tower Research Capital LLC TRC raised its holdings in shares of Jack Henry & Associates by 828.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,775 shares of the technology company’s stock worth $1,245,000 after acquiring an additional 6,938 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of Jack Henry & Associates by 1.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 40,669 shares of the technology company’s stock worth $6,510,000 after acquiring an additional 478 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Jack Henry & Associates during the 3rd quarter worth $1,017,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

NASDAQ JKHY opened at $135.95 on Friday. The firm has a market cap of $10.58 billion, a PE ratio of 37.87, a P/E/G ratio of 3.32 and a beta of 0.91. Jack Henry & Associates, Inc. has a 52 week low of $112.78 and a 52 week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.15. The firm had revenue of $392.54 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.86 EPS. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 3.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Monday, December 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, November 30th. Jack Henry & Associates’s payout ratio is 41.23%.

Several research analysts have recently commented on JKHY shares. Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and set a $141.00 price target on shares of Jack Henry & Associates in a report on Tuesday, August 21st. Wells Fargo & Co lifted their price target on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. Finally, ValuEngine upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Jack Henry & Associates has an average rating of “Hold” and an average price target of $143.00.

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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.

Further Reading: Market Capitalization in the Stock Market

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

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