Cerebellum GP LLC Invests $165,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Cerebellum GP LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,412 shares of the technology company’s stock, valued at approximately $165,000.

Other large investors have also recently modified their holdings of the company. Parnassus Investments CA bought a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $72,452,000. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $207,116,000 after buying an additional 306,167 shares during the period. BlackRock Inc. boosted its stake in shares of Jack Henry & Associates by 3.2% in the second quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock valued at $1,057,706,000 after buying an additional 247,051 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of 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 valued at $32,495,000 after buying an additional 188,503 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of 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 valued at $32,289,000 after buying an additional 158,663 shares during the period. Institutional investors own 90.92% of the company’s stock.

Several equities research analysts recently issued reports on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 12th. ValuEngine upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Atlantic Securities started coverage on Jack Henry & Associates in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price target for the company. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $151.50.

Shares of JKHY opened at $143.70 on Thursday. Jack Henry & Associates, Inc. has a one year low of $120.20 and a one year high of $155.53. The company has a market cap of $10.93 billion, a P/E ratio of 40.33, a P/E/G ratio of 3.38 and a beta of 0.91. The firm has a 50 day simple moving average of $145.07 and a two-hundred day simple moving average of $140.28.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $0.79 EPS for the quarter, beating the 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 period in the previous year, the business earned $1.10 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Jack Henry & Associates, Inc. will post 3.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 9th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 6th. This represents a $1.60 annualized dividend and a yield of 1.11%. Jack Henry & Associates’s dividend payout ratio 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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