Janney Montgomery Scott LLC increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 11.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,895 shares of the technology company’s stock after purchasing an additional 3,895 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Jack Henry & Associates were worth $4,941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of JKHY. Flagship Harbor Advisors LLC acquired a new stake in Jack Henry & Associates during the 1st quarter worth approximately $25,000. Advisory Services Network LLC increased its position in Jack Henry & Associates by 33.2% during the 1st quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock worth $45,000 after purchasing an additional 82 shares in the last quarter. Private Capital Group LLC increased its position in Jack Henry & Associates by 53.5% during the 1st quarter. Private Capital Group LLC now owns 571 shares of the technology company’s stock worth $79,000 after purchasing an additional 199 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter worth approximately $86,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter worth approximately $104,000. 88.85% of the stock is owned by hedge funds and other institutional investors.

JKHY has been the subject of a number of research analyst reports. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Cantor Fitzgerald restated a “buy” rating and issued a $159.00 price target on shares of Jack Henry & Associates in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $154.25.

NASDAQ JKHY opened at $138.63 on Wednesday. The stock has a market cap of $10.86 billion, a PE ratio of 38.62, a PEG ratio of 3.40 and a beta of 0.91. Jack Henry & Associates, Inc. has a fifty-two week low of $120.20 and a fifty-two week high of $163.68. The business has a 50 day moving average of $138.40.

In other news, Director Wesley A. Brown sold 400 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $134.98, for a total transaction of $53,992.00. Following the completion of the transaction, the director now directly owns 85,965 shares in the company, valued at approximately $11,603,555.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew C. Flanigan sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total value of $688,500.00. Following the transaction, the director now owns 49,226 shares of the company’s stock, valued at $6,778,420.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,221 shares of company stock valued at $1,267,422. Company 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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