Jack Henry & Associates, Inc. (JKHY) Stake Decreased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 42.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,184 shares of the technology company’s stock after selling 38,235 shares during the quarter. Westfield Capital Management Co. LP owned 0.07% of Jack Henry & Associates worth $5,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI boosted its position in shares of Jack Henry & Associates by 205.5% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,142 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 6,822 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jack Henry & Associates by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 413,557 shares of the technology company’s stock worth $42,509,000 after acquiring an additional 5,890 shares during the period. Brown Advisory Inc. raised its holdings in shares of Jack Henry & Associates by 21.5% during the third quarter. Brown Advisory Inc. now owns 9,578 shares of the technology company’s stock worth $985,000 after acquiring an additional 1,692 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Jack Henry & Associates by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 329,360 shares of the technology company’s stock worth $33,855,000 after acquiring an additional 18,284 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Jack Henry & Associates by 0.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 192,441 shares of the technology company’s stock worth $19,781,000 after acquiring an additional 779 shares during the period. 89.11% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald raised their price objective on shares of Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Stephens restated an “equal weight” rating and set a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Robert W. Baird restated a “hold” rating and set a $114.00 price objective on shares of Jack Henry & Associates in a report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.50.

In other news, VP Mark S. Forbis sold 2,600 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total transaction of $263,016.00. Following the transaction, the vice president now directly owns 1,696 shares in the company, valued at approximately $171,567.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin D. Williams sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the transaction, the insider now owns 43,314 shares in the company, valued at $4,402,001.82. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at $114.77 on Wednesday. Jack Henry & Associates, Inc. has a 52 week low of $86.71 and a 52 week high of $117.46. The stock has a market cap of $8,860.00, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 3.02 and a beta of 0.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.24 annualized dividend and a yield of 1.08%. Jack Henry & Associates’s payout ratio is currently 39.12%.

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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).

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

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