Synovus Financial Corp grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 153.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,005 shares of the technology company’s stock after purchasing an additional 18,754 shares during the quarter. Synovus Financial Corp’s holdings in Jack Henry & Associates were worth $3,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in JKHY. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $594,000. Great West Life Assurance Co. Can increased its position in shares of Jack Henry & Associates by 127.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 121,363 shares of the technology company’s stock valued at $12,589,000 after purchasing an additional 67,982 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Jack Henry & Associates by 88.7% during the 2nd quarter. CIBC Asset Management Inc now owns 5,399 shares of the technology company’s stock valued at $561,000 after purchasing an additional 2,538 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Jack Henry & Associates during the 2nd quarter valued at about $234,000. Finally, World Asset Management Inc increased its position in shares of Jack Henry & Associates by 3.1% during the 2nd quarter. World Asset Management Inc now owns 5,664 shares of the technology company’s stock valued at $588,000 after purchasing an additional 169 shares during the last quarter. 89.11% of the stock is owned by hedge funds and other institutional investors.

In other Jack Henry & Associates news, VP Mark S. Forbis sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was 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 directly owns 1,696 shares in the company, valued at approximately $171,567.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin D. Williams sold 20,000 shares of the company’s stock in a transaction that occurred 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 owns 43,314 shares of the company’s stock, valued at $4,402,001.82. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Jack Henry & Associates, Inc. (NASDAQ: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 firm has a market capitalization of $8,860.00, a P/E 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 is Wednesday, November 29th. This represents a $1.24 annualized dividend and a yield of 1.08%. Jack Henry & Associates’s payout ratio is 39.12%.

Several equities research analysts recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $114.00 target price on shares of Jack Henry & Associates in a report on Friday, November 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $103.00 target price (up from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th. Cantor Fitzgerald increased their target price on shares of Jack Henry & Associates to $128.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $110.50.

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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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