Ladenburg Thalmann Financial Services Inc. Reduces Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Ladenburg Thalmann Financial Services Inc. cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 60.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,464 shares of the technology company’s stock after selling 8,460 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Jack Henry & Associates were worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Flagship Harbor Advisors LLC increased its position in shares of Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after purchasing an additional 72 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in shares of Jack Henry & Associates by 4.3% in the 2nd quarter. TrinityPoint Wealth LLC now owns 1,888 shares of the technology company’s stock valued at $258,000 after buying an additional 77 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Jack Henry & Associates by 33.2% in the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock valued at $45,000 after buying an additional 82 shares in the last quarter. Unigestion Holding SA boosted its holdings in shares of Jack Henry & Associates by 0.8% in the 2nd quarter. Unigestion Holding SA now owns 10,166 shares of the technology company’s stock valued at $1,361,000 after buying an additional 84 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Jack Henry & Associates by 1.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,526 shares of the technology company’s stock valued at $1,409,000 after buying an additional 117 shares in the last quarter. 90.82% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on JKHY. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Atlantic Securities began coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 target price for the company. Finally, ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $151.50.

Shares of Jack Henry & Associates stock opened at $142.10 on Friday. The company has a fifty day simple moving average of $144.86 and a 200-day simple moving average of $140.14. Jack Henry & Associates, Inc. has a 12-month low of $120.20 and a 12-month high of $155.53. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 3.39 and a beta of 0.91.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 20th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The business had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $390.70 million. During the same quarter in the prior year, the business posted $1.10 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Jack Henry & Associates, Inc. will post 3.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 9th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 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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