Sienna Gestion Sells 1,877 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Sienna Gestion has reduced its position in Jack Henry & Associates by 6.1%, now holding 28,751 shares valued at approximately $5.1 million.
• In the first quarter, several institutional investors have increased their holdings in Jack Henry, with hedge funds owning 98.75% of the company's stock.
• Analysts have mixed opinions on Jack Henry's stock, with a consensus target price set at $185.11 and ratings spanning from sell to buy.

Sienna Gestion lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,751 shares of the technology company's stock after selling 1,877 shares during the quarter. Sienna Gestion's holdings in Jack Henry & Associates were worth $5,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Jack Henry & Associates by 147.5% in the first 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 last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. increased its holdings in Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after purchasing an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. increased its holdings in Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after purchasing an additional 4,821 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 0.7%

NASDAQ:JKHY traded up $1.14 on Friday, hitting $160.39. The stock had a trading volume of 814,353 shares, compared to its average volume of 653,837. The business's fifty day moving average is $175.39 and its 200 day moving average is $175.61. The company has a market cap of $11.68 billion, a PE ratio of 27.32, a P/E/G ratio of 2.88 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JKHY shares. UBS Group dropped 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. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods lowered 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 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 a consensus rating of "Hold" and a consensus target price of $185.11.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.37% of the company's stock.

Jack Henry & Associates 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.