Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,989 shares of the technology company’s stock after selling 2,381 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Jack Henry & Associates were worth $3,393,000 as of its most recent SEC filing.

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

Jack Henry & Associates Stock Up 0.2 %

NASDAQ JKHY traded up $0.30 during trading hours on Friday, hitting $165.07. The company had a trading volume of 503,227 shares, compared to its average volume of 423,241. The firm’s 50 day moving average is $165.70 and its 200 day moving average is $167.87. 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, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 3.98 and a beta of 0.63.

Wall Street Analyst Weigh In

Several analysts have issued reports on JKHY shares. Evercore ISI upped their price target on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. DA Davidson reissued a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a report on Tuesday, April 30th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $174.67.

Jack Henry & Associates Company Profile

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.