Northwestern Mutual Wealth Management Co. grew its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 245.3% in the first quarter, Holdings Channel reports. The institutional investor owned 1,174 shares of the technology company’s stock after buying an additional 834 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Jack Henry & Associates were worth $163,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in JKHY. Vanguard Group Inc boosted its position in Jack Henry & Associates by 0.8% during the third quarter. Vanguard Group Inc now owns 7,854,780 shares of the technology company’s stock worth $1,257,394,000 after acquiring an additional 60,151 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Jack Henry & Associates by 17.0% in the 4th quarter. TD Asset Management Inc. now owns 63,460 shares of the technology company’s stock valued at $8,029,000 after buying an additional 9,238 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Jack Henry & Associates by 447.3% during the 4th quarter. Hartford Investment Management Co. now owns 10,469 shares of the technology company’s stock worth $1,325,000 after purchasing an additional 8,556 shares during the period. Cutler Group LP acquired a new stake in Jack Henry & Associates during the 4th quarter worth $25,000. Finally, Victory Capital Management Inc. raised its position in Jack Henry & Associates by 2.3% during the 4th quarter. Victory Capital Management Inc. now owns 32,435 shares of the technology company’s stock worth $4,104,000 after buying an additional 732 shares during the last quarter. Institutional investors own 89.49% of the company’s stock.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Raymond James initiated coverage on shares of Jack Henry & Associates in a research note on Wednesday, February 20th. They issued a “market perform” rating for the company. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, March 16th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $159.00 price target on shares of Jack Henry & Associates in a report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $150.40.

In related news, VP Russell L. Bernthal sold 910 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $137.56, for a total transaction of $125,179.60. Following the sale, the vice president now owns 4,831 shares in the company, valued at approximately $664,552.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark S. Forbis sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $134.74, for a total value of $134,740.00. Following the completion of the sale, the insider now owns 1,013 shares in the company, valued at approximately $136,491.62. The disclosure for this sale can be found here. Insiders have sold a total of 2,310 shares of company stock valued at $313,912 over the last quarter. 0.84% of the stock is currently owned by corporate insiders.

Jack Henry & Associates stock traded up $1.03 during mid-day trading on Wednesday, hitting $137.83. 40,363 shares of the company were exchanged, compared to its average volume of 458,168. The firm has a market capitalization of $10.56 billion, a P/E ratio of 38.39, a P/E/G ratio of 3.52 and a beta of 0.96. Jack Henry & Associates, Inc. has a 1-year low of $120.20 and a 1-year high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, April 30th. The technology company reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $380.36 million for the quarter, compared to analyst estimates of $382.45 million. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 3.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Jack Henry & Associates’s dividend payout ratio is currently 44.57%.

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About Jack Henry & Associates

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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