Blair William & Co. IL reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 76.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,639 shares of the technology company's stock after selling 8,624 shares during the quarter. Blair William & Co. IL's holdings in Jack Henry & Associates were worth $482,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates in the first quarter valued at approximately $38,000. Assetmark Inc. raised its stake in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the period. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates during the fourth quarter valued at $54,000. Menard Financial Group LLC bought a new position in shares of Jack Henry & Associates in the 4th quarter worth $60,000. Finally, Global X Japan Co. Ltd. bought a new position in Jack Henry & Associates in the first quarter valued at $70,000. 98.75% of the stock is currently owned by institutional investors.
Insider Activity at Jack Henry & Associates
In other news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred 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 sale, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on JKHY. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group decreased 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and a consensus target price of $185.11.
Read Our Latest Research Report on JKHY
Jack Henry & Associates Stock Performance
Shares of JKHY traded up $1.32 during midday trading on Friday, reaching $160.57. 260,154 shares of the stock were exchanged, compared to its average volume of 625,958. The business's 50-day moving average price is $175.82 and its 200 day moving average price is $175.71. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.
About Jack Henry & Associates
(
Free Report)
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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