Comerica Bank Has $7.55 Million Holdings in Jack Henry & Associates, Inc. (JKHY)

Comerica Bank cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,730 shares of the technology company’s stock after selling 10,544 shares during the period. Comerica Bank’s holdings in Jack Henry & Associates were worth $7,549,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Jack Henry & Associates by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 341,828 shares of the technology company’s stock worth $41,344,000 after purchasing an additional 8,631 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Jack Henry & Associates by 1.2% during the 1st quarter. Allianz Asset Management GmbH now owns 55,618 shares of the technology company’s stock worth $6,727,000 after purchasing an additional 649 shares during the last quarter. IFM Investors Pty Ltd bought a new position in Jack Henry & Associates during the 2nd quarter worth approximately $273,000. State of Alaska Department of Revenue raised its holdings in Jack Henry & Associates by 4.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,993 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 670 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Jack Henry & Associates by 6.1% during the 2nd quarter. Bank of Montreal Can now owns 38,353 shares of the technology company’s stock worth $4,998,000 after purchasing an additional 2,189 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

JKHY has been the subject of several analyst reports. Zacks Investment Research lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. BidaskClub lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 1st. Wells Fargo & Co raised their price target on shares of Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a report on Thursday, August 23rd. ValuEngine lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Robert W. Baird raised their price target on shares of Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $143.00.

In other news, Director John F. Prim sold 6,329 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The shares were 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 of the company’s stock, valued at approximately $32,474,453.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.84% of the company’s stock.

Shares of JKHY stock opened at $141.50 on Friday. The company has a market cap of $11.33 billion, a PE ratio of 39.42, a P/E/G ratio of 3.31 and a beta of 0.93. Jack Henry & Associates, Inc. has a 52 week low of $111.37 and a 52 week high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.93 by $0.15. The company had revenue of $392.54 million during the quarter, compared to the consensus estimate of $385.12 million. Jack Henry & Associates had a net margin of 25.29% and a return on equity of 24.13%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 3.96 earnings per share for the current year.

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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.

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

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