Emerald Advisers Inc. PA Cuts Stake in Jack Henry & Associates, Inc. (JKHY)

Emerald Advisers Inc. PA lessened its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 23.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,205 shares of the technology company’s stock after selling 2,505 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Jack Henry & Associates were worth $1,313,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth $108,000. Cornerstone Wealth Management LLC acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth $114,000. Fort L.P. acquired a new position in shares of Jack Henry & Associates during the 2nd quarter worth $122,000. Signaturefd LLC raised its stake in shares of Jack Henry & Associates by 67.7% during the 2nd quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock worth $123,000 after buying an additional 382 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Jack Henry & Associates by 311.3% during the 2nd quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock worth $143,000 after buying an additional 825 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on JKHY. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Thursday, August 23rd. Cantor Fitzgerald lifted their price target on Jack Henry & Associates from $141.00 to $169.00 and gave the stock an “overweight” rating in a research note on Thursday, August 23rd. Wells Fargo & Co lifted their price target on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, August 23rd. ValuEngine raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Finally, BidaskClub raised Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.29.

In related news, Director John F. Prim sold 6,329 shares of Jack Henry & Associates stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now owns 206,318 shares in the company, valued at approximately $32,474,453.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

Jack Henry & Associates stock opened at $149.21 on Friday. The stock has a market cap of $11.58 billion, a P/E ratio of 41.74, a P/E/G ratio of 3.40 and a beta of 0.93. Jack Henry & Associates, Inc. has a 52 week low of $110.88 and a 52 week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 21st. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. The firm had revenue of $417.20 million during the quarter, compared to analysts’ expectations of $407.57 million. Jack Henry & Associates had a return on equity of 23.72% and a net margin of 24.51%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.82 EPS. As a group, analysts expect that Jack Henry & Associates, Inc. will post 4.03 earnings per share for the current year.

About Jack Henry & Associates

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.

See Also: Return on Investment (ROI)

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

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