IFP Advisors Inc Decreases Holdings in Jack Henry & Associates, Inc. (JKHY)

IFP Advisors Inc reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 29.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,101 shares of the technology company’s stock after selling 464 shares during the period. IFP Advisors Inc’s holdings in Jack Henry & Associates were worth $129,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MPS Loria Financial Planners LLC acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $145,000. Cerebellum GP LLC acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $165,000. Koch Industries Inc. acquired a new position in Jack Henry & Associates in the second quarter valued at approximately $203,000. Boothbay Fund Management LLC acquired a new position in Jack Henry & Associates in the third quarter valued at approximately $206,000. Finally, Zions Bancorporation acquired a new position in Jack Henry & Associates in the third quarter valued at approximately $207,000. Institutional investors own 89.10% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at $115.33 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $90.25 and a twelve month high of $127.31. The company has a market capitalization of $8,836.40, a P/E ratio of 36.19, a P/E/G ratio of 3.08 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.03). The business had revenue of $359.93 million during the quarter, compared to analyst estimates of $360.50 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 3.38 earnings per share for the current fiscal year.

JKHY has been the subject of a number of research reports. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Royal Bank of Canada restated a “hold” rating and issued a $96.00 target price on shares of Jack Henry & Associates in a research note on Friday, October 20th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $112.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 8th. Robert W. Baird reaffirmed a “hold” rating and set a $114.00 price target on shares of Jack Henry & Associates in a report on Friday, November 10th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $122.17.

ILLEGAL ACTIVITY WARNING: “IFP Advisors Inc Decreases Holdings in Jack Henry & Associates, Inc. (JKHY)” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://sportsperspectives.com/2018/02/10/ifp-advisors-inc-decreases-holdings-in-jack-henry-associates-inc-jkhy.html.

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).

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

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply