Arizona State Retirement System Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Arizona State Retirement System boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 116.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,980 shares of the technology company’s stock after buying an additional 37,680 shares during the period. Arizona State Retirement System owned 0.09% of Jack Henry & Associates worth $7,269,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JKHY. YorkBridge Wealth Partners LLC increased its position in Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock worth $102,000 after buying an additional 185 shares during the period. Parallel Advisors LLC increased its position in Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock worth $108,000 after buying an additional 335 shares during the period. TrimTabs Asset Management LLC increased its position in Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock worth $114,000 after buying an additional 576 shares during the period. Almanack Investment Partners LLC. purchased a new position in Jack Henry & Associates during the first quarter worth about $124,000. Finally, IFP Advisors Inc increased its position in Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after buying an additional 379 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 105.74 on Friday. The stock has a 50 day moving average price of $105.46 and a 200-day moving average price of $98.58. The stock has a market capitalization of $8.21 billion, a P/E ratio of 31.33 and a beta of 0.75. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $109.67.

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Separately, Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, May 5th.

In other news, insider John F. Prim sold 9,650 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the sale, the insider now directly owns 206,164 shares of the company’s stock, valued at $21,418,377.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark S. Forbis sold 900 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $96.75, for a total transaction of $87,075.00. Following the sale, the vice president now directly owns 1,064 shares in the company, valued at $102,942. The disclosure for this sale can be found here. Insiders have sold 13,350 shares of company stock worth $1,383,334 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

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