Robeco Institutional Asset Management B.V. increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 910,874 shares of the technology company’s stock after buying an additional 44,148 shares during the quarter. Robeco Institutional Asset Management B.V. owned 1.18% of Jack Henry & Associates worth $145,839,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new position in shares of Jack Henry & Associates in the second quarter worth $108,000. Cornerstone Wealth Management LLC purchased a new position in shares of Jack Henry & Associates in the second quarter worth $114,000. Fort L.P. purchased a new position in shares of Jack Henry & Associates in the second quarter worth $122,000. Signaturefd LLC increased its stake in shares of Jack Henry & Associates by 67.7% in the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock worth $123,000 after buying an additional 382 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Jack Henry & Associates by 311.3% in the second quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock worth $143,000 after buying an additional 825 shares during the period. 87.77% of the stock is currently owned by institutional investors.
In other Jack Henry & Associates news, Director John F. Prim sold 6,329 shares of the business’s stock in a transaction on Friday, August 31st. The shares were 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 of the company’s stock, valued at approximately $32,474,453.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.
Several research analysts recently commented on JKHY shares. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, July 16th. BidaskClub downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded shares of 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 $141.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, August 21st. Finally, Wells Fargo & Co boosted their price objective on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a research report on Thursday, August 23rd. One equities research 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. The stock has an average rating of “Hold” and a consensus target price of $143.00.
Shares of Jack Henry & Associates stock opened at $141.50 on Friday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 3.31 and a beta of 0.93. Jack Henry & Associates, Inc. has a 12-month low of $111.37 and a 12-month 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, beating the Zacks’ consensus estimate of $0.93 by $0.15. The business had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.13%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 3.96 earnings per share for the current year.
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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.
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