ASR Vermogensbeheer N.V. Purchases New Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Jack Henry & Associates by purchasing 2,029 shares valued at approximately $370,000 in the first quarter.
• Several institutional investors have increased their holdings in Jack Henry & Associates, with 98.75% of the stock currently owned by institutional investors and hedge funds.
• Jack Henry & Associates' stock has been rated as a "buy" by some analysts, while the consensus rating remains at "Hold" with a target price of $185.11.

ASR Vermogensbeheer N.V. bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,029 shares of the technology company's stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Axxcess Wealth Management LLC raised its holdings in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after purchasing an additional 59 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock worth $569,000 after purchasing an additional 64 shares during the period. AdvisorNet Financial Inc raised its holdings in Jack Henry & Associates by 9.8% in the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock worth $153,000 after purchasing an additional 75 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in shares of Jack Henry & Associates by 1.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after acquiring an additional 77 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its holdings in shares of Jack Henry & Associates by 4.5% during the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock valued at $345,000 after acquiring an additional 85 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 2.1%

Jack Henry & Associates stock traded down $3.43 during mid-day trading on Thursday, hitting $159.94. The company's stock had a trading volume of 343,723 shares, compared to its average volume of 623,565. The firm has a market capitalization of $11.65 billion, a PE ratio of 27.26 and a beta of 0.73. Jack Henry & Associates, Inc. has a 1 year low of $157.80 and a 1 year high of $196.00. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average is $176.26 and its two-hundred day moving average is $175.84.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $185.11.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.