Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 74.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,403 shares of the technology company’s stock after acquiring an additional 1,029 shares during the quarter. OLD National Bancorp IN’s holdings in Jack Henry & Associates were worth $399,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Jack Henry & Associates in the first quarter worth $30,000. VisionPoint Advisory Group LLC purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at about $44,000. Riverview Trust Co purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at about $51,000. GAMMA Investing LLC acquired a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $79,000. Finally, Janiczek Wealth Management LLC boosted its stake in shares of Jack Henry & Associates by 55.4% in the first quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock worth $83,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on JKHY shares. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Evercore ISI upped their price target on Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Finally, Robert W. Baird boosted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $174.67.

Jack Henry & Associates Trading Down 0.5 %

Shares of NASDAQ:JKHY traded down $0.91 during midday trading on Friday, reaching $166.44. 401,391 shares of the company’s stock were exchanged, compared to its average volume of 423,645. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 3.98 and a beta of 0.63. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The firm’s 50 day simple moving average is $165.63 and its two-hundred day simple moving average is $167.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm had revenue of $538.56 million during the quarter, compared to analysts’ expectations of $541.80 million. During the same quarter last year, the company posted $1.12 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.