Westpac Banking Corp Has $7.06 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Westpac Banking Corp grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,678 shares of the technology company’s stock after buying an additional 5,300 shares during the quarter. Westpac Banking Corp owned 0.07% of Jack Henry & Associates worth $7,055,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock worth $176,281,000 after purchasing an additional 398,777 shares in the last quarter. BlackRock Inc. increased its position in shares of Jack Henry & Associates by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,651,002 shares of the technology company’s stock worth $1,061,499,000 after purchasing an additional 361,689 shares in the last quarter. Artemis Investment Management LLP increased its position in shares of Jack Henry & Associates by 183.7% during the 2nd quarter. Artemis Investment Management LLP now owns 245,024 shares of the technology company’s stock worth $32,289,000 after purchasing an additional 158,663 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in shares of Jack Henry & Associates during the 1st quarter worth about $131,000. Finally, FMR LLC increased its position in shares of Jack Henry & Associates by 146.1% during the 4th quarter. FMR LLC now owns 220,582 shares of the technology company’s stock worth $27,908,000 after purchasing an additional 130,940 shares in the last quarter. Institutional investors own 88.85% of the company’s stock.

A number of brokerages have commented on JKHY. Cantor Fitzgerald reissued a “buy” rating and set a $159.00 price objective on shares of Jack Henry & Associates in a report on Tuesday, May 7th. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $153.00.

NASDAQ:JKHY traded up $1.12 during mid-day trading on Friday, reaching $143.06. 6,178 shares of the company were exchanged, compared to its average volume of 364,354. Jack Henry & Associates, Inc. has a 12 month low of $120.20 and a 12 month high of $163.68. The company has a fifty day moving average of $138.57 and a 200 day moving average of $137.19. The stock has a market cap of $10.82 billion, a PE ratio of 39.86, a PEG ratio of 3.39 and a beta of 0.91.

In other Jack Henry & Associates news, Director Wesley A. Brown sold 400 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $134.98, for a total transaction of $53,992.00. Following the sale, the director now owns 85,965 shares of the company’s stock, valued at approximately $11,603,555.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Matthew C. Flanigan sold 5,000 shares of the stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $137.70, for a total transaction of $688,500.00. Following the sale, the director now directly owns 49,226 shares in the company, valued at approximately $6,778,420.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,221 shares of company stock worth $1,267,422. Insiders own 0.84% of the company’s stock.

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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