Gyroscope Capital Management Group LLC Buys 473 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Gyroscope Capital Management Group LLC increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,266 shares of the technology company’s stock after buying an additional 473 shares during the period. Gyroscope Capital Management Group LLC’s holdings in Jack Henry & Associates were worth $472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JKHY. Parnassus Investments CA bought a new position in Jack Henry & Associates in the second quarter worth about $72,452,000. Bank of New York Mellon Corp raised its stake in Jack Henry & Associates by 24.7% in the second quarter. Bank of New York Mellon Corp now owns 1,546,569 shares of the technology company’s stock worth $207,116,000 after buying an additional 306,167 shares in the last quarter. BlackRock Inc. raised its stake in Jack Henry & Associates by 3.2% in the second quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after buying an additional 247,051 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Jack Henry & Associates by 348.2% in the second quarter. Nuveen Asset Management LLC now owns 242,641 shares of the technology company’s stock worth $32,495,000 after buying an additional 188,503 shares in the last quarter. Finally, Artemis Investment Management LLP raised its stake in Jack Henry & Associates by 183.7% in the second quarter. Artemis Investment Management LLP now owns 245,024 shares of the technology company’s stock worth $32,289,000 after buying an additional 158,663 shares in the last quarter. 90.82% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the stock. Atlantic Securities assumed coverage on shares of Jack Henry & Associates in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 target price for the company. ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. BidaskClub raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Jack Henry & Associates presently has an average rating of “Buy” and a consensus price target of $151.50.

Shares of NASDAQ JKHY traded up $0.54 on Friday, reaching $143.29. 11,700 shares of the company’s stock traded hands, compared to its average volume of 377,173. Jack Henry & Associates, Inc. has a 12 month low of $120.20 and a 12 month high of $155.53. The business’s 50 day simple moving average is $144.88 and its two-hundred day simple moving average is $140.10. The company has a market cap of $10.95 billion, a price-to-earnings ratio of 40.96, a price-to-earnings-growth 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 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $390.70 million. During the same quarter last year, the firm earned $1.10 earnings per share. The business’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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is 45.45%.

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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