Jack Henry & Associates, Inc. (JKHY) Stake Lessened by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 95.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,734 shares of the technology company’s stock after selling 379,891 shares during the quarter. Mackenzie Financial Corp’s holdings in Jack Henry & Associates were worth $1,720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in shares of Jack Henry & Associates by 88.7% in the second 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 period. Daiwa Securities Group Inc. acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $234,000. IFP Advisors Inc increased its stake in shares of Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock valued at $136,000 after purchasing an additional 379 shares during the period. TD Asset Management Inc. increased its stake in shares of Jack Henry & Associates by 2.3% in the second quarter. TD Asset Management Inc. now owns 72,810 shares of the technology company’s stock valued at $7,563,000 after purchasing an additional 1,622 shares during the period. Finally, Pictet Asset Management Ltd. acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at approximately $2,687,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded down $0.77 during trading on Tuesday, hitting $116.19. 273,563 shares of the stock traded hands, compared to its average volume of 236,700. The company has a market capitalization of $9,033.34, a PE ratio of 36.65, a PEG ratio of 3.08 and a beta of 0.77. Jack Henry & Associates, Inc. has a twelve month low of $88.11 and a twelve month high of $119.82.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, November 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.12%.

Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Cantor Fitzgerald restated a “buy” rating and issued a $112.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 8th. Royal Bank of Canada restated a “hold” rating and issued a $96.00 price target on shares of Jack Henry & Associates in a research note on Friday, October 20th. Finally, Robert W. Baird restated a “hold” rating and issued a $114.00 price target on shares of Jack Henry & Associates in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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).

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

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