Arizona State Retirement System increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 116.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,980 shares of the technology company’s stock after buying an additional 37,680 shares during the period. Arizona State Retirement System’s holdings in Jack Henry & Associates were worth $7,269,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC raised its stake in shares of Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock worth $102,000 after buying an additional 185 shares during the period. Parallel Advisors LLC raised its stake in shares of Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock worth $108,000 after buying an additional 335 shares during the period. TrimTabs Asset Management LLC raised its stake in shares of Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock worth $114,000 after buying an additional 576 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Jack Henry & Associates during the first quarter worth $124,000. Finally, IFP Advisors Inc raised its stake in shares of Jack Henry & Associates by 40.6% in the second quarter. IFP Advisors Inc now owns 1,312 shares of the technology company’s stock worth $136,000 after buying an additional 379 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) opened at 105.74 on Friday. The firm has a 50-day moving average of $105.46 and a 200 day moving average of $98.58. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 31.33 and a beta of 0.75. Jack Henry & Associates, Inc. has a 12-month low of $79.00 and a 12-month high of $109.67.

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Separately, Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Friday, May 5th.

In other Jack Henry & Associates news, insider John F. Prim sold 9,650 shares of Jack Henry & Associates stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $103.89, for a total value of $1,002,538.50. Following the transaction, the insider now directly owns 206,164 shares in the company, valued at $21,418,377.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark S. Forbis sold 900 shares of Jack Henry & Associates stock in a transaction on Monday, May 15th. The shares were sold at an average price of $96.75, for a total transaction of $87,075.00. Following the completion of the transaction, the vice president now owns 1,064 shares in the company, valued at $102,942. The disclosure for this sale can be found here. Insiders have sold a total of 13,350 shares of company stock worth $1,383,334 over the last quarter. 0.80% of the stock is owned by company insiders.

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).

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

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