Jack Henry & Associates, Inc. (JKHY) Shares Bought by MetLife Investment Advisors LLC

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MetLife Investment Advisors LLC boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 48,580 shares of the technology company’s stock after buying an additional 364 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Jack Henry & Associates were worth $6,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fort L.P. acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $122,000. Signaturefd LLC boosted its holdings in Jack Henry & Associates by 67.7% in the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock valued at $123,000 after purchasing an additional 382 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Jack Henry & Associates by 311.3% in the second quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock valued at $143,000 after purchasing an additional 825 shares in the last quarter. Sawtooth Solutions LLC acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $205,000. Finally, Hall Laurie J Trustee acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $209,000. 88.08% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Wesley A. Brown sold 3,479 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $132.21, for a total transaction of $459,958.59. Following the completion of the sale, the director now owns 91,124 shares in the company, valued at $12,047,504.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Prim sold 6,329 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $157.40, for a total value of $996,184.60. Following the sale, the director now owns 206,318 shares of the company’s stock, valued at approximately $32,474,453.20. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

JKHY stock opened at $162.86 on Friday. The company has a market capitalization of $12.47 billion, a PE ratio of 45.36, a PEG ratio of 3.66 and a beta of 0.92. Jack Henry & Associates, Inc. has a twelve month low of $100.78 and a twelve month high of $163.51.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 21st. The technology company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.15. The business had revenue of $417.20 million during the quarter, compared to the consensus estimate of $407.57 million. Jack Henry & Associates had a return on equity of 23.72% and a net margin of 24.51%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. sell-side analysts predict that Jack Henry & Associates, Inc. will post 4.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Tuesday, September 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, September 10th. Jack Henry & Associates’s payout ratio is currently 41.23%.

A number of equities analysts recently issued reports on JKHY shares. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $134.00 price target on shares of Jack Henry & Associates in a report on Tuesday, May 22nd. BidaskClub raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $146.00 price objective for the company in a report on Wednesday, July 4th. Robert W. Baird increased their price objective on Jack Henry & Associates from $128.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Finally, Wells Fargo & Co increased their price objective on Jack Henry & Associates from $110.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, August 23rd. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $137.29.

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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