Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stake Boosted by World Asset Management Inc

World Asset Management Inc boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 5,664 shares of the technology company’s stock after buying an additional 169 shares during the period. World Asset Management Inc’s holdings in Jack Henry & Associates were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. increased its stake in shares of Jack Henry & Associates by 175.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 273,455 shares of the technology company’s stock worth $24,276,000 after buying an additional 174,062 shares in the last quarter. Atria Investments LLC increased 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. CWM LLC increased its stake 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 in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Jack Henry & Associates by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 19,600 shares of the technology company’s stock worth $1,825,000 after buying an additional 300 shares in the last quarter. Finally, Cim LLC increased its stake in shares of Jack Henry & Associates by 3.9% in the first quarter. Cim LLC now owns 5,512 shares of the technology company’s stock worth $513,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (JKHY) opened at 106.37 on Thursday. The company has a 50-day moving average of $105.40 and a 200 day moving average of $98.42. 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 cap of $8.26 billion, a P/E ratio of 31.52 and a beta of 0.75.

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

In related news, insider John F. Prim sold 9,650 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 206,164 shares of the company’s stock, valued at $21,418,377.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wesley A. Brown sold 2,800 shares of the company’s stock in a transaction that occurred 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 directly owns 80,278 shares in the company, valued at approximately $8,421,162.20. The disclosure for this sale can be found here. Insiders have sold 13,350 shares of company stock worth $1,383,334 in the last three months. Insiders own 0.80% of the company’s stock.

Jack Henry & Associates Company 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).

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY).

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

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