Neuburgh Advisers LLC Has $448,000 Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Neuburgh Advisers LLC trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,344 shares of the technology company’s stock after selling 336 shares during the period. Neuburgh Advisers LLC’s holdings in Jack Henry & Associates were worth $448,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in shares of Jack Henry & Associates by 5.0% during the first quarter. BlackRock Inc. now owns 7,651,002 shares of the technology company’s stock worth $1,061,499,000 after acquiring an additional 361,689 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 0.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,747,149 shares of the technology company’s stock worth $242,402,000 after acquiring an additional 13,161 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Jack Henry & Associates by 24.7% during 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 acquiring an additional 306,167 shares during the period. Geode Capital Management LLC raised its holdings in shares of Jack Henry & Associates by 40.0% during the fourth quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock worth $176,281,000 after acquiring an additional 398,777 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Jack Henry & Associates by 2.2% during the second quarter. Wells Fargo & Company MN now owns 1,286,084 shares of the technology company’s stock worth $172,233,000 after acquiring an additional 28,239 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

In related news, insider Mark S. Forbis sold 501 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $137.58, for a total value of $68,927.58. Following the completion of the transaction, the insider now owns 797 shares of the company’s stock, valued at $109,651.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew C. Flanigan sold 5,000 shares of Jack Henry & Associates stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total transaction of $688,500.00. Following the completion of the transaction, the director now directly owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,821 shares of company stock valued at $1,213,430. 0.84% of the stock is owned by insiders.



A number of equities research analysts recently commented on JKHY shares. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Atlantic Securities started coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $151.50.

Jack Henry & Associates stock traded up $0.28 during mid-day trading on Thursday, reaching $145.30. The company’s stock had a trading volume of 8,619 shares, compared to its average volume of 433,627. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 41.28, a price-to-earnings-growth ratio of 3.51 and a beta of 0.92. Jack Henry & Associates, Inc. has a 12 month low of $120.20 and a 12 month high of $163.68. The business’s 50 day simple moving average is $141.53 and its 200 day simple moving average is $138.51.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 20th. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $393.50 million during the quarter, compared to the consensus estimate of $390.70 million. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.37%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share. As a group, analysts predict that Jack Henry & Associates, Inc. will post 3.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) 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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