Jack Henry & Associates, Inc. (JKHY) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 46.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,410 shares of the technology company’s stock after selling 32,693 shares during the period. Teacher Retirement System of Texas’ holdings in Jack Henry & Associates were worth $3,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JKHY. YorkBridge Wealth Partners LLC increased its position in shares of Jack Henry & Associates by 4.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,088 shares of the technology company’s stock worth $112,000 after purchasing an additional 45 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth about $114,000. Parallel Advisors LLC increased its position 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 worth $131,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc increased its position 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 worth $136,000 after purchasing an additional 379 shares in the last quarter. Finally, MPS Loria Financial Planners LLC acquired a new stake in shares of Jack Henry & Associates during the second quarter worth about $145,000. Institutional investors and hedge funds own 89.43% of the company’s stock.

JKHY has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $103.00 target price (up previously from $96.00) on shares of Jack Henry & Associates in a research report on Thursday, November 9th. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Cantor Fitzgerald restated a “buy” rating and issued a $112.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 8th. Robert W. Baird restated a “neutral” rating and issued a $108.00 price target (up previously from $104.00) on shares of Jack Henry & Associates in a research report on Tuesday, October 10th. Finally, BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $110.50.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $112.08 on Monday. The stock has a market capitalization of $8,656.44, a PE ratio of 36.04, a P/E/G ratio of 2.96 and a beta of 0.77. Jack Henry & Associates, Inc. has a 52-week low of $84.28 and a 52-week high of $115.34.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.12%.

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In related news, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.16, for a total value of $263,016.00. Following the transaction, the vice president now owns 1,696 shares in the company, valued at approximately $171,567.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were 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 owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

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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