Oakbrook Investments LLC lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 98.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,470 shares of the technology company’s stock after acquiring an additional 4,210 shares during the quarter. Oakbrook Investments LLC’s holdings in Jack Henry & Associates were worth $1,175,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. IFM Investors Pty Ltd lifted its position in Jack Henry & Associates by 6.5% in the 1st quarter. IFM Investors Pty Ltd now owns 4,259 shares of the technology company’s stock worth $591,000 after buying an additional 260 shares in the last quarter. Empire Life Investments Inc. lifted its position in Jack Henry & Associates by 3.6% in the 1st quarter. Empire Life Investments Inc. now owns 4,315 shares of the technology company’s stock worth $599,000 after buying an additional 151 shares in the last quarter. Ronna Sue Cohen lifted its position in Jack Henry & Associates by 12,790.2% in the 1st quarter. Ronna Sue Cohen now owns 1,964,856 shares of the technology company’s stock worth $1,965,000 after buying an additional 1,949,613 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $86,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Jack Henry & Associates in the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 90.35% of the company’s stock.
In related news, Director John F. Prim sold 7,575 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $131.91, for a total value of $999,218.25. Following the transaction, the director now directly owns 218,491 shares in the company, valued at approximately $28,821,147.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Stacey E. Zengel sold 4,388 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $133.50, for a total transaction of $585,798.00. Following the completion of the transaction, the vice president now owns 4,453 shares in the company, valued at $594,475.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,623 shares of company stock worth $1,945,586. 0.84% of the stock is currently owned by company insiders.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Jack Henry & Associates had a net margin of 19.57% and a return on equity of 23.57%. The company had revenue of $386.28 million for the quarter, compared to analyst estimates of $380.40 million. During the same quarter in the prior year, the business posted $2.08 EPS. Jack Henry & Associates’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts forecast that Jack Henry & Associates, Inc. will post 3.57 earnings per share for the current year.
A number of research firms have issued reports on JKHY. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. BidaskClub upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, March 16th. Finally, Keefe, Bruyette & Woods began coverage on shares of Jack Henry & Associates in a research report on Monday, April 8th. They issued a “market perform” rating and a $145.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.20.
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Jack Henry & Associates Company 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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