Skandinaviska Enskilda Banken AB publ reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 113,653 shares of the technology company’s stock after selling 22,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Jack Henry & Associates were worth $18,194,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at $108,000. Cornerstone Wealth Management LLC purchased a new position in Jack Henry & Associates during the second quarter worth about $114,000. Fort L.P. purchased a new position in Jack Henry & Associates during the second quarter worth about $122,000. Signaturefd LLC lifted its position in Jack Henry & Associates by 67.7% during the second quarter. Signaturefd LLC now owns 946 shares of the technology company’s stock worth $123,000 after buying an additional 382 shares during the period. Finally, Bessemer Group Inc. lifted its position in Jack Henry & Associates by 311.3% during the second quarter. Bessemer Group Inc. now owns 1,090 shares of the technology company’s stock worth $143,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.
Several equities analysts recently weighed in on JKHY shares. Zacks Investment Research downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. BidaskClub downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Wells Fargo & Co increased their target price on Jack Henry & Associates from $110.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, August 23rd. ValuEngine downgraded Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Robert W. Baird increased their target price on Jack Henry & Associates from $128.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $143.00.
Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 6th. The technology company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.15. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. The firm had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. During the same period in the prior year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts predict that Jack Henry & Associates, Inc. will post 3.96 EPS for the current fiscal year.
In other Jack Henry & Associates news, Director John F. Prim sold 6,329 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the completion of the sale, the director now directly owns 206,318 shares in the company, valued at $32,474,453.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.84% of the company’s stock.
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Jack Henry & Associates Company 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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