Ontario Teachers Pension Plan Board acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,531 shares of the technology company’s stock, valued at approximately $263,000.

Several other institutional investors have also added to or reduced their stakes in the stock. OxFORD Asset Management LLP purchased a new stake in shares of Jack Henry & Associates during the second quarter valued at $354,000. Dimensional Fund Advisors LP lifted its holdings in Jack Henry & Associates by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 407,667 shares of the technology company’s stock valued at $42,345,000 after acquiring an additional 7,267 shares during the period. Virtu KCG Holdings LLC lifted its holdings in Jack Henry & Associates by 14.6% in the second quarter. Virtu KCG Holdings LLC now owns 10,089 shares of the technology company’s stock valued at $1,048,000 after acquiring an additional 1,286 shares during the period. Advisor Group Inc. lifted its holdings in Jack Henry & Associates by 62.4% in the second quarter. Advisor Group Inc. now owns 9,760 shares of the technology company’s stock valued at $996,000 after acquiring an additional 3,749 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in Jack Henry & Associates by 3.2% in the second quarter. California Public Employees Retirement System now owns 174,400 shares of the technology company’s stock valued at $18,115,000 after acquiring an additional 5,400 shares during the period. 91.66% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on JKHY. Robert W. Baird reissued a “hold” rating and issued a $104.00 target price on shares of Jack Henry & Associates in a report on Tuesday, September 19th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Cantor Fitzgerald began coverage on Jack Henry & Associates in a report on Monday, August 28th. They issued an “overweight” rating and a $112.00 target price on the stock. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Finally, Stephens reissued an “equal weight” rating and issued a $97.00 target price (up previously from $93.00) on shares of Jack Henry & Associates in a report on Friday, August 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $104.33.

In related news, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates 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. Company insiders own 0.80% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ontario Teachers Pension Plan Board Acquires New Stake in Jack Henry & Associates, Inc. (JKHY)” was reported by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at http://www.mareainformativa.com/ontario-teachers-pension-plan-board-acquires-new-stake-in-jack-henry-associates-inc-jkhy/117118/.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 103.92 on Thursday. The company has a market cap of $8.05 billion, a P/E ratio of 33.10 and a beta of 0.75. The stock has a 50 day moving average price of $101.60 and a 200 day moving average price of $101.12. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $109.67.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.19%. Jack Henry & Associates’s dividend payout ratio is currently 39.49%.

Jack Henry & Associates Company Profile

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).

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).

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

Receive News & Stock Ratings for Jack Henry & Associates Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates Inc. and related stocks with our FREE daily email newsletter.