National Bank of Canada FI Acquires 2,050 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

National Bank of Canada FI increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,167 shares of the technology company's stock after purchasing an additional 2,050 shares during the period. National Bank of Canada FI's holdings in Jack Henry & Associates were worth $6,604,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Citigroup Inc. grew its stake in Jack Henry & Associates by 52.3% in the first quarter. Citigroup Inc. now owns 132,529 shares of the technology company's stock valued at $24,200,000 after acquiring an additional 45,496 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Jack Henry & Associates by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock valued at $249,615,000 after acquiring an additional 48,311 shares during the period. Ontario Teachers Pension Plan Board grew its stake in Jack Henry & Associates by 26.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 6,774 shares of the technology company's stock valued at $1,237,000 after acquiring an additional 1,423 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after acquiring an additional 6,342 shares during the period. Finally, ASR Vermogensbeheer N.V. acquired a new position in Jack Henry & Associates in the first quarter valued at about $370,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on JKHY shares. Keefe, Bruyette & Woods decreased their target price 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. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research 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 research 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Stock Up 0.7%

JKHY traded up $1.14 on Friday, hitting $160.39. 814,353 shares of the company were exchanged, compared to its average volume of 653,837. Jack Henry & Associates, Inc. has a 12 month low of $157.80 and a 12 month high of $196.00. The company has a market cap of $11.68 billion, a PE ratio of 27.32, a PEG ratio of 2.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock's fifty day moving average is $175.39 and its 200-day moving average is $175.61.

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.