Vestmark Advisory Solutions Inc. Acquires 569 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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Vestmark Advisory Solutions Inc. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,802 shares of the technology company’s stock after purchasing an additional 569 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Jack Henry & Associates were worth $1,285,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in shares of Jack Henry & Associates during the second quarter valued at about $25,000. Squar Milner Financial Services LLC raised its stake in shares of Jack Henry & Associates by 387.2% during the third quarter. Squar Milner Financial Services LLC now owns 190 shares of the technology company’s stock valued at $27,000 after acquiring an additional 151 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Jack Henry & Associates by 38.7% during the second quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after acquiring an additional 72 shares during the last quarter. CWM LLC raised its stake in shares of Jack Henry & Associates by 40.9% during the third quarter. CWM LLC now owns 310 shares of the technology company’s stock valued at $45,000 after acquiring an additional 90 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in shares of Jack Henry & Associates by 60.6% during the second quarter. CSat Investment Advisory L.P. now owns 350 shares of the technology company’s stock valued at $47,000 after acquiring an additional 132 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

JKHY has been the subject of several recent analyst reports. ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 30th. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Thursday, November 7th. BidaskClub raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Atlantic Securities began coverage on shares of Jack Henry & Associates in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price target for the company. Finally, Wells Fargo & Co increased their price target on shares of Jack Henry & Associates from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Jack Henry & Associates presently has a consensus rating of “Buy” and a consensus price target of $154.20.

JKHY stock traded down $1.35 during trading on Tuesday, reaching $147.31. The company had a trading volume of 451,000 shares, compared to its average volume of 439,298. Jack Henry & Associates, Inc. has a 52 week low of $120.20 and a 52 week high of $151.66. The company has a market cap of $11.50 billion, a P/E ratio of 41.85, a PEG ratio of 3.54 and a beta of 0.88. The business has a 50 day moving average of $143.75 and a 200 day moving average of $140.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.12. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $420.34 million. During the same period in the prior year, the firm earned $1.08 earnings per share. Jack Henry & Associates’s revenue was up 11.6% on a year-over-year basis. Analysts forecast that Jack Henry & Associates, Inc. will post 3.67 earnings per share for the current year.

In other Jack Henry & Associates news, VP Mark S. Forbis sold 1,479 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $148.29, for a total value of $219,320.91. Following the sale, the vice president now owns 1,621 shares in the company, valued at $240,378.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ronald L. Moses sold 1,800 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $146.60, for a total transaction of $263,880.00. Following the completion of the sale, the vice president now owns 1,838 shares in the company, valued at approximately $269,450.80. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

Jack Henry & Associates 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.

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

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