Dimensional Fund Advisors LP Boosts Holdings in Jack Henry & Associates, Inc. (JKHY)

Dimensional Fund Advisors LP boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,557 shares of the technology company’s stock after buying an additional 5,890 shares during the period. Dimensional Fund Advisors LP’s holdings in Jack Henry & Associates were worth $42,509,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $372,869,000. BlackRock Inc. grew its position in shares of Jack Henry & Associates by 36.8% in the second quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock valued at $876,664,000 after purchasing an additional 2,268,592 shares in the last quarter. State Street Corp grew its position in shares of Jack Henry & Associates by 28.7% in the second quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after purchasing an additional 596,227 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Jack Henry & Associates by 35.3% in the second quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock valued at $100,573,000 after purchasing an additional 252,673 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Jack Henry & Associates by 302.2% in the second quarter. UBS Asset Management Americas Inc. now owns 321,321 shares of the technology company’s stock valued at $33,376,000 after purchasing an additional 241,437 shares in the last quarter. Institutional investors own 88.98% of the company’s stock.

A number of research firms have recently issued reports on JKHY. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird restated a “hold” rating and issued a $104.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, September 19th. Royal Bank of Canada reiterated a “hold” rating and issued a $96.00 price objective on shares of Jack Henry & Associates in a report on Friday, October 20th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $112.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $115.20.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at $121.02 on Wednesday. Jack Henry & Associates, Inc. has a twelve month low of $88.11 and a twelve month high of $121.22. The company has a market capitalization of $9,350.00, a P/E ratio of 38.18, a P/E/G ratio of 3.16 and a beta of 0.77.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio is presently 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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