1,712 Shares in Jack Henry & Associates, Inc. (JKHY) Acquired by Allegis Investment Advisors LLC

Allegis Investment Advisors LLC acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,712 shares of the technology company’s stock, valued at approximately $200,000.

Several other large investors have also added to or reduced their stakes in the company. MPS Loria Financial Planners LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $145,000. Cerebellum GP LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $165,000. Wesbanco Bank Inc. purchased a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $215,000. Boothbay Fund Management LLC purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $206,000. Finally, Zions Bancorporation purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at approximately $207,000. 89.10% of the stock is owned by institutional investors and hedge funds.

Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $115.33 on Friday. The company has a market capitalization of $8,780.00, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 3.17 and a beta of 0.78. Jack Henry & Associates, Inc. has a one year low of $90.25 and a one year high of $127.31.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 7th. The technology company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.03). Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The business had revenue of $359.93 million for the quarter, compared to analyst estimates of $360.50 million. analysts predict that Jack Henry & Associates, Inc. will post 3.36 EPS for the current year.

Several analysts have commented on the company. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Stephens reaffirmed a “hold” rating and set a $118.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday. Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. Royal Bank of Canada reaffirmed a “hold” rating and set a $96.00 price objective on shares of Jack Henry & Associates in a research note on Friday, October 20th. Finally, Robert W. Baird upped their price objective on Jack Henry & Associates from $114.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $122.17.

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Jack Henry & Associates 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).

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

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