Douglass Winthrop Advisors LLC held its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the technology company’s stock at the end of the second quarter. Douglass Winthrop Advisors LLC’s holdings in Jack Henry & Associates were worth $301,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Jack Henry & Associates by 4.9% in the first quarter. Vanguard Group Inc. now owns 7,163,139 shares of the technology company’s stock worth $666,889,000 after buying an additional 337,287 shares during the last quarter. BlackRock Inc. boosted its stake in Jack Henry & Associates by 11,657.7% in the first quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock worth $574,556,000 after buying an additional 6,118,912 shares during the last quarter. State Street Corp boosted its stake in Jack Henry & Associates by 3.2% in the first quarter. State Street Corp now owns 2,077,039 shares of the technology company’s stock worth $193,370,000 after buying an additional 65,174 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 3.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,982,917 shares of the technology company’s stock worth $184,609,000 after buying an additional 64,170 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Jack Henry & Associates by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 1,264,616 shares of the technology company’s stock worth $131,356,000 after buying an additional 15,662 shares during the last quarter. 88.47% of the stock is owned by institutional investors.
Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at 98.44 on Friday. Jack Henry & Associates, Inc. has a 52-week low of $79.00 and a 52-week high of $109.67. The firm’s 50-day moving average price is $105.09 and its 200-day moving average price is $99.01. The firm has a market capitalization of $7.64 billion, a PE ratio of 31.35 and a beta of 0.75.
Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.83. Jack Henry & Associates had a return on equity of 24.65% and a net margin of 17.17%. The company had revenue of $383.77 million during the quarter, compared to the consensus estimate of $372.98 million. During the same period in the previous year, the firm posted $1.06 earnings per share. Jack Henry & Associates’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Jack Henry & Associates, Inc. will post $3.29 earnings per share for the current fiscal year.
A number of analysts have weighed in on JKHY shares. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Stephens reaffirmed an “equal weight” rating and set a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research report on Friday. Finally, BidaskClub cut Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $107.00.
In other news, Director Wesley A. Brown sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $104.90, for a total transaction of $293,720.00. Following the completion of the transaction, the director now directly owns 80,278 shares in the company, valued at $8,421,162.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John F. Prim sold 9,650 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $103.89, for a total value of $1,002,538.50. Following the transaction, the insider now owns 206,164 shares of the company’s stock, valued at $21,418,377.96. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.
About Jack Henry & Associates
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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