Gateway Investment Advisers LLC Lowers Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Gateway Investment Advisers LLC lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,612 shares of the technology company’s stock after selling 2,144 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Jack Henry & Associates were worth $9,285,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JKHY. Marshall Wace LLP boosted its position in Jack Henry & Associates by 182.1% during the first quarter. Marshall Wace LLP now owns 27,186 shares of the technology company’s stock worth $3,772,000 after purchasing an additional 17,549 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Jack Henry & Associates by 37.7% during the first quarter. Clearbridge Investments LLC now owns 363,288 shares of the technology company’s stock valued at $50,403,000 after acquiring an additional 99,530 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Jack Henry & Associates by 33.2% during the first quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock valued at $45,000 after acquiring an additional 82 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Jack Henry & Associates by 28.0% during the first quarter. Nordea Investment Management AB now owns 4,329 shares of the technology company’s stock valued at $600,000 after acquiring an additional 947 shares during the last quarter. Finally, Cleararc Capital Inc. acquired a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $261,000. Institutional investors own 90.92% of the company’s stock.

Shares of Jack Henry & Associates stock opened at $143.70 on Thursday. The business has a 50 day simple moving average of $145.07 and a two-hundred day simple moving average of $140.28. 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 capitalization of $10.93 billion, a P/E ratio of 40.82, a PEG ratio of 3.38 and a beta of 0.91.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.51%. 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 firm earned $1.10 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 3.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 9th were issued a $0.40 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. Jack Henry & Associates’s dividend payout ratio is presently 45.45%.

JKHY has been the subject of a number of research analyst reports. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 12th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Atlantic Securities initiated coverage on Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 target price for the company. Finally, ValuEngine raised 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, three have issued a buy rating and one has issued a strong buy rating to the company. Jack Henry & Associates has an average rating of “Buy” and an average price target of $151.50.

About Jack Henry & Associates

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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