Great West Life Assurance Co. Can Has $12.59 Million Stake in Jack Henry & Associates, Inc. (JKHY)

Great West Life Assurance Co. Can boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 127.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,363 shares of the technology company’s stock after buying an additional 67,982 shares during the period. Great West Life Assurance Co. Can owned 0.16% of Jack Henry & Associates worth $12,589,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Jack Henry & Associates by 14.9% in the first quarter. CWM LLC now owns 250,008 shares of the technology company’s stock worth $23,276,000 after buying an additional 32,503 shares during the period. BlackRock Inc. raised its stake in shares of Jack Henry & Associates by 11,657.7% in the first quarter. BlackRock Inc. now owns 6,171,400 shares of the technology company’s stock worth $574,556,000 after buying an additional 6,118,912 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Jack Henry & Associates by 13.7% in the first quarter. TD Asset Management Inc. now owns 71,188 shares of the technology company’s stock worth $6,628,000 after buying an additional 8,600 shares in the last quarter. Atria Investments LLC raised its stake in shares of Jack Henry & Associates by 0.8% in the first quarter. Atria Investments LLC now owns 3,790 shares of the technology company’s stock worth $353,000 after buying an additional 29 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Jack Henry & Associates by 58.1% in the first quarter. Janney Montgomery Scott LLC now owns 24,304 shares of the technology company’s stock worth $2,263,000 after buying an additional 8,932 shares in the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (JKHY) traded down 0.28% on Friday, reaching $98.44. The company had a trading volume of 848,918 shares. Jack Henry & Associates, Inc. has a 12 month low of $79.00 and a 12 month high of $109.67. The firm has a market capitalization of $7.64 billion, a PE ratio of 31.35 and a beta of 0.75. The firm’s 50 day moving average is $105.09 and its 200 day moving average is $99.01.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. The company had revenue of $383.77 million for the quarter, compared to analyst estimates of $372.98 million. During the same quarter in the prior year, the business posted $1.06 EPS. Jack Henry & Associates’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post $3.29 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on the company. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research lowered Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $117.00 target price for the company. in a research report on Tuesday, May 30th. Finally, Stephens reiterated an “equal weight” rating and issued a $97.00 price target (up from $93.00) on shares of Jack Henry & Associates in a report on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $107.00.

In other news, Director Wesley A. Brown sold 2,800 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $104.90, for a total transaction of $293,720.00. Following the transaction, the director now owns 80,278 shares in the company, valued at approximately $8,421,162.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John F. Prim sold 9,650 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the completion of the transaction, the insider now owns 206,164 shares in the company, valued at $21,418,377.96. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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).

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

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