Voya Investment Management LLC Has $4.79 Million Stake in Jack Henry & Associates, Inc. (JKHY)

Voya Investment Management LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 40.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,120 shares of the technology company’s stock after purchasing an additional 13,334 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Jack Henry & Associates worth $4,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in shares of Jack Henry & Associates during the second quarter valued at approximately $114,000. Almanack Investment Partners LLC. purchased a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $124,000. Parallel Advisors LLC raised its stake in shares of Jack Henry & Associates by 9.7% during the second quarter. Parallel Advisors LLC now owns 1,216 shares of the technology company’s stock valued at $131,000 after purchasing an additional 108 shares during the period. IFP Advisors Inc raised its stake in shares of Jack Henry & Associates by 40.6% during the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after purchasing an additional 379 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Jack Henry & Associates by 249.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,799 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,284 shares during the period. Institutional investors own 91.65% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at 105.18 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $79.00 and a 52 week high of $109.67. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 33.50 and a beta of 0.75. The company has a 50 day moving average of $102.46 and a 200-day moving average of $101.54.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The business had revenue of $383.77 million during the quarter, compared to analyst estimates of $372.98 million. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. Jack Henry & Associates’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post $3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Friday, September 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.18%. Jack Henry & Associates’s payout ratio is 39.49%.

In related news, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was 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 directly owns 43,314 shares in the company, valued at $4,402,001.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the completion of the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at $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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A number of analysts have recently issued reports on JKHY shares. BidaskClub lowered shares of 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 target (up previously 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 target on shares of Jack Henry & Associates in a research note on Tuesday, September 19th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Jack Henry & Associates in a research note on Monday, August 28th. They issued an “overweight” rating and a $112.00 price target for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $105.67.

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).

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

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