Whittier Trust Co. of Nevada Inc. Acquires 737 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,065 shares of the technology company’s stock after purchasing an additional 737 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Jack Henry & Associates were worth $946,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of JKHY. Flagship Harbor Advisors LLC grew its stake in shares of Jack Henry & Associates by 38.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock worth $34,000 after acquiring an additional 72 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Jack Henry & Associates by 33.2% during the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock worth $45,000 after acquiring an additional 82 shares in the last quarter. Unigestion Holding SA boosted its holdings in shares of Jack Henry & Associates by 0.8% in the 2nd quarter. Unigestion Holding SA now owns 10,166 shares of the technology company’s stock valued at $1,361,000 after buying an additional 84 shares during the last quarter. SignalPoint Asset Management LLC boosted its holdings in shares of Jack Henry & Associates by 1.4% in the 1st quarter. SignalPoint Asset Management LLC now owns 6,285 shares of the technology company’s stock valued at $872,000 after buying an additional 85 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its holdings in shares of Jack Henry & Associates by 1.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 6,810 shares of the technology company’s stock valued at $945,000 after buying an additional 99 shares during the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.

In other Jack Henry & Associates news, Director Wesley A. Brown sold 400 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $134.98, for a total transaction of $53,992.00. Following the completion of the sale, the director now owns 85,965 shares of the company’s stock, valued at approximately $11,603,555.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew C. Flanigan sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total value of $688,500.00. Following the sale, the director now directly owns 49,226 shares of the company’s stock, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last three months, insiders sold 9,221 shares of company stock valued at $1,267,422. 0.84% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on JKHY shares. Cantor Fitzgerald reissued a “buy” rating and issued a $159.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, May 7th. Zacks Investment Research downgraded Jack Henry & Associates from a “hold” rating to a “sell” rating in a report on Thursday, June 6th. Keefe, Bruyette & Woods started coverage on Jack Henry & Associates in a report on Monday, April 8th. They issued a “market perform” rating and a $145.00 price objective for the company. Finally, BidaskClub raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $154.25.

Shares of NASDAQ JKHY traded down $1.70 during trading hours on Friday, hitting $138.77. The company had a trading volume of 261,653 shares, compared to its average volume of 347,018. The stock has a market capitalization of $10.79 billion, a PE ratio of 38.65, a P/E/G ratio of 3.38 and a beta of 0.91. Jack Henry & Associates, Inc. has a 1-year low of $120.20 and a 1-year high of $163.68. The firm’s 50 day moving average price is $138.15.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $380.36 million during the quarter, compared to the consensus estimate of $382.45 million. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. Equities research analysts predict that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current fiscal year.

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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