Empowered Funds LLC lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 74.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,861 shares of the technology company's stock after selling 14,441 shares during the quarter. Empowered Funds LLC's holdings in Jack Henry & Associates were worth $768,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of JKHY. Northwestern Mutual Wealth Management Co. increased its position in shares of Jack Henry & Associates by 6,728.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock worth $113,420,000 after acquiring an additional 612,444 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its position in Jack Henry & Associates by 231.1% in the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company's stock valued at $3,335,000 after acquiring an additional 14,728 shares in the last quarter. Swedbank AB lifted its position in Jack Henry & Associates by 230.2% in the 4th quarter. Swedbank AB now owns 143,787 shares of the technology company's stock valued at $26,238,000 after acquiring an additional 100,239 shares in the last quarter. Comerica Bank boosted its stake in Jack Henry & Associates by 71.5% in the 4th quarter. Comerica Bank now owns 79,470 shares of the technology company's stock worth $14,502,000 after purchasing an additional 33,145 shares during the period. Finally, Amica Mutual Insurance Co. boosted its stake in Jack Henry & Associates by 60.4% in the 4th quarter. Amica Mutual Insurance Co. now owns 48,570 shares of the technology company's stock worth $8,863,000 after purchasing an additional 18,283 shares during the period. Institutional investors own 98.75% of the company's stock.
Jack Henry & Associates Stock Down 2.2%
NASDAQ JKHY opened at $149.87 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. Jack Henry & Associates, Inc. has a fifty-two week low of $121.04 and a fifty-two week high of $193.39. The stock has a market capitalization of $10.65 billion, a PE ratio of 20.96, a PEG ratio of 2.16 and a beta of 0.55. The business has a fifty day moving average price of $144.30 and a two-hundred day moving average price of $151.43.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their target price on Jack Henry & Associates from $180.00 to $161.00 and set a "neutral" rating on the stock in a research report on Thursday, May 7th. Barclays assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, July 7th. They issued an "overweight" rating and a $170.00 target price on the stock. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a report on Friday, May 8th. Wolfe Research set a $165.00 price objective on shares of Jack Henry & Associates in a research report on Monday, June 29th. Finally, Royal Bank Of Canada dropped their target price on Jack Henry & Associates from $180.00 to $173.00 and set an "outperform" rating for the company in a report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.71.
View Our Latest Report on Jack Henry & Associates
About Jack Henry & Associates
(
Free Report)
Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.
The company's core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.
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