Emerald Advisers LLC Lowers Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Share on StockTwits

Emerald Advisers LLC lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 32.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,554 shares of the technology company’s stock after selling 2,217 shares during the period. Emerald Advisers LLC’s holdings in Jack Henry & Associates were worth $610,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC raised its holdings in shares of Jack Henry & Associates by 38.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after buying an additional 72 shares in the last quarter. Advisory Services Network LLC raised its holdings in shares of Jack Henry & Associates by 33.2% during the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock valued at $45,000 after buying an additional 82 shares in the last quarter. Unigestion Holding SA raised its holdings in shares of Jack Henry & Associates by 0.8% during the 2nd quarter. Unigestion Holding SA now owns 10,166 shares of the technology company’s stock valued at $1,361,000 after buying an additional 84 shares in the last quarter. SignalPoint Asset Management LLC raised its holdings in shares of Jack Henry & Associates by 1.4% during the 1st quarter. SignalPoint Asset Management LLC now owns 6,285 shares of the technology company’s stock valued at $872,000 after buying an additional 85 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Jack Henry & Associates by 1.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,810 shares of the technology company’s stock valued at $945,000 after buying an additional 99 shares in the last quarter. 88.85% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald reissued a “buy” rating and set a $159.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, May 7th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Jack Henry & Associates currently has a consensus rating of “Buy” and an average price target of $153.00.

In other Jack Henry & Associates news, Director Wesley A. Brown sold 400 shares of Jack Henry & Associates stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $134.98, for a total value of $53,992.00. Following the transaction, the director now directly owns 85,965 shares of the company’s stock, valued at approximately $11,603,555.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew C. Flanigan sold 5,000 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $137.70, for a total value of $688,500.00. Following the completion of the transaction, the director now directly owns 49,226 shares in the company, valued at $6,778,420.20. The disclosure for this sale can be found here. Insiders sold a total of 9,221 shares of company stock worth $1,267,422 over the last ninety days. Insiders own 0.84% of the company’s stock.

Shares of Jack Henry & Associates stock opened at $138.51 on Thursday. The stock has a 50 day moving average of $138.43. The stock has a market cap of $10.70 billion, a PE ratio of 38.58, a P/E/G ratio of 3.35 and a beta of 0.91. Jack Henry & Associates, Inc. has a one year low of $120.20 and a one year high of $163.68.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

Featured Story: Gap Up Stocks

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.