Neuberger Berman Group LLC Has $228.30 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Neuberger Berman Group LLC grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,243,014 shares of the technology company’s stock after buying an additional 46,483 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.62% of Jack Henry & Associates worth $228,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Jack Henry & Associates by 44.1% in the 1st quarter. FMR LLC now owns 317,841 shares of the technology company’s stock worth $44,097,000 after purchasing an additional 97,259 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in shares of Jack Henry & Associates by 0.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 150,615 shares of the technology company’s stock worth $23,381,000 after buying an additional 830 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Jack Henry & Associates by 57.0% during the first quarter. Fifth Third Bancorp now owns 270 shares of the technology company’s stock worth $42,000 after buying an additional 98 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of Jack Henry & Associates by 56.1% during the first quarter. First Manhattan Co. now owns 718 shares of the technology company’s stock worth $111,000 after buying an additional 258 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Jack Henry & Associates by 39.4% during the first quarter. First Trust Advisors LP now owns 105,924 shares of the technology company’s stock worth $16,444,000 after buying an additional 29,912 shares during the last quarter. Institutional investors and hedge funds own 88.87% of the company’s stock.

Shares of JKHY stock traded down $3.73 during trading hours on Wednesday, hitting $156.06. 8,897 shares of the company’s stock were exchanged, compared to its average volume of 602,309. The stock’s 50-day moving average is $173.91 and its 200-day moving average is $171.47. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 5.96 and a beta of 0.50. Jack Henry & Associates, Inc. has a 52 week low of $123.64 and a 52 week high of $200.98.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, August 18th. The technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The company had revenue of $410.54 million for the quarter, compared to analysts’ expectations of $412.58 million. Jack Henry & Associates had a return on equity of 19.69% and a net margin of 17.48%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 3.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, September 8th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 44.56%.

A number of brokerages have recently commented on JKHY. Robert W. Baird upped their price target on Jack Henry & Associates from $176.00 to $194.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. BidaskClub cut Jack Henry & Associates from a “hold” rating to a “sell” rating in a research report on Thursday, August 27th. Raymond James restated a “buy” rating on shares of Jack Henry & Associates in a research report on Wednesday, August 19th. Finally, Stephens upped their price target on Jack Henry & Associates from $170.00 to $176.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $175.86.

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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