Gulf International Bank UK Ltd Sells 2,271 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Gulf International Bank UK Ltd reduced its stake in Jack Henry & Associates by 39.9%, selling 2,271 shares and holding a total of 3,424 shares valued at $625,000.
• Multiple institutional investors have increased their holdings in Jack Henry & Associates, with Penserra Capital Management LLC boosting its stake by a significant 928.9%.
• Jack Henry & Associates has received mixed ratings from analysts, with one sell rating, eight holds, and three buy ratings, and a consensus target price of $185.11.

Gulf International Bank UK Ltd lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 39.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,424 shares of the technology company's stock after selling 2,271 shares during the period. Gulf International Bank UK Ltd's holdings in Jack Henry & Associates were worth $625,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. grew its holdings in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock worth $114,306,000 after acquiring an additional 6,342 shares during the period. Tandem Investment Advisors Inc. boosted its holdings in shares of Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock worth $118,550,000 after acquiring an additional 82,414 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock worth $1,227,000 after acquiring an additional 3,041 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in shares of Jack Henry & Associates by 928.9% during the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock worth $974,000 after acquiring an additional 4,821 shares during the period. Institutional investors own 98.75% of the company's stock.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were 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. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JKHY. Keefe, Bruyette & Woods reduced their price objective 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. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Trading Up 0.7%

Shares of JKHY stock opened at $160.39 on Friday. 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 has a market cap of $11.68 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The stock has a 50 day simple moving average of $175.39 and a 200 day simple moving average of $175.63. Jack Henry & Associates, Inc. has a 1 year low of $157.80 and a 1 year high of $196.00.

Jack Henry & Associates Company Profile

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.

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