DekaBank Deutsche Girozentrale increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 56,652 shares of the technology company’s stock after buying an additional 1,552 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Jack Henry & Associates were worth $5,912,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in JKHY. Arizona State Retirement System boosted its position in Jack Henry & Associates by 116.7% in the second quarter. Arizona State Retirement System now owns 69,980 shares of the technology company’s stock worth $7,269,000 after buying an additional 37,680 shares during the period. Summit Securities Group LLC bought a new position in Jack Henry & Associates during the second quarter worth $1,040,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Jack Henry & Associates during the second quarter worth $1,209,000. National Planning Corp boosted its position in Jack Henry & Associates by 0.3% in the second quarter. National Planning Corp now owns 3,541 shares of the technology company’s stock worth $365,000 after buying an additional 11 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in Jack Henry & Associates by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 311,076 shares of the technology company’s stock worth $32,312,000 after buying an additional 21,637 shares during the period. 88.47% of the stock is owned by institutional investors.

Jack Henry & Associates, Inc. (JKHY) opened at 106.51 on Wednesday. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 31.56 and a beta of 0.75. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $109.67. The company has a 50-day moving average price of $105.51 and a 200 day moving average price of $98.93.

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Separately, Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.

In related news, Director Wesley A. Brown sold 2,800 shares of the stock in a transaction 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 sale, the director now directly owns 80,278 shares in the company, valued at $8,421,162.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John F. Prim sold 9,650 shares of the stock in a transaction 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 sale, 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. 0.80% of the stock is owned by corporate insiders.

Jack Henry & Associates Company Profile

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

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