Private Capital Group LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 72.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,001 shares of the technology company’s stock after purchasing an additional 420 shares during the period. Private Capital Group LLC’s holdings in Jack Henry & Associates were worth $155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prospera Financial Services Inc increased its holdings in Jack Henry & Associates by 106.1% in the fourth quarter. Prospera Financial Services Inc now owns 5,917 shares of the technology company’s stock valued at $862,000 after purchasing an additional 3,046 shares during the period. AE Wealth Management LLC increased its holdings in Jack Henry & Associates by 13.1% in the fourth quarter. AE Wealth Management LLC now owns 2,960 shares of the technology company’s stock valued at $431,000 after purchasing an additional 344 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Jack Henry & Associates by 28.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,354 shares of the technology company’s stock valued at $197,000 after purchasing an additional 298 shares during the period. Andra AP fonden increased its holdings in Jack Henry & Associates by 7.7% in the fourth quarter. Andra AP fonden now owns 37,700 shares of the technology company’s stock valued at $5,492,000 after purchasing an additional 2,700 shares during the period. Finally, Norges Bank acquired a new stake in Jack Henry & Associates in the fourth quarter valued at $102,551,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

In related news, VP Stacey E. Zengel sold 938 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $173.36, for a total value of $162,611.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Steven W. Tomson sold 3,698 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $175.17, for a total transaction of $647,778.66. The disclosure for this sale can be found here. 0.85% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on JKHY shares. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a report on Friday, May 8th. BidaskClub upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Friday. Oppenheimer reiterated a “hold” rating on shares of Jack Henry & Associates in a report on Tuesday, May 5th. Royal Bank of Canada reiterated a “hold” rating and set a $162.00 price target on shares of Jack Henry & Associates in a report on Monday, January 20th. Finally, DA Davidson increased their price target on Jack Henry & Associates from $142.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $169.14.

JKHY stock opened at $189.79 on Friday. The stock has a market capitalization of $14.21 billion, a PE ratio of 49.30, a price-to-earnings-growth ratio of 3.76 and a beta of 0.59. The company’s 50-day moving average is $164.31 and its 200-day moving average is $155.01. Jack Henry & Associates, Inc. has a 1 year low of $123.64 and a 1 year high of $190.10.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Monday, May 4th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.16. The company had revenue of $429.41 million for the quarter, compared to analysts’ expectations of $408.79 million. Jack Henry & Associates had a net margin of 17.64% and a return on equity of 20.07%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 4.05 EPS for the current 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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