Financial Counselors Inc. Decreases Holdings in Jack Henry & Associates, Inc. (JKHY)

Financial Counselors Inc. cut its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,101 shares of the technology company’s stock after selling 600 shares during the period. Financial Counselors Inc.’s holdings in Jack Henry & Associates were worth $627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC increased its stake in shares of Jack Henry & Associates by 4.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock worth $112,000 after purchasing an additional 45 shares in the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter worth $114,000. Parallel Advisors LLC increased its stake in shares of Jack Henry & Associates by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock worth $131,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Jack Henry & Associates by 40.6% in the 2nd quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after purchasing an additional 379 shares in the last quarter. Finally, MPS Loria Financial Planners LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter worth $145,000. Institutional investors and hedge funds own 89.11% of the company’s stock.

Several equities research analysts have recently commented on JKHY shares. Cantor Fitzgerald restated a “buy” rating and issued a $112.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 8th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens restated an “equal weight” rating and issued a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Robert W. Baird restated a “hold” rating and issued a $104.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Finally, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $110.50.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $115.88 on Thursday. The firm has a market cap of $8,864.20, a price-to-earnings ratio of 36.90, a P/E/G ratio of 3.03 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1-year low of $87.34 and a 1-year high of $117.46.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio is currently 39.12%.

In related news, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.63, for a total value of $2,032,600.00. Following the completion of the transaction, the insider now owns 43,314 shares of the company’s stock, valued at approximately $4,402,001.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total transaction of $263,016.00. Following the completion of the transaction, the vice president now directly owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

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About Jack Henry & Associates

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

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