Flagship Harbor Advisors LLC Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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Flagship Harbor Advisors LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 38.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258 shares of the technology company’s stock after buying an additional 72 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Jack Henry & Associates were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of JKHY. BlackRock Inc. lifted its stake in shares of Jack Henry & Associates by 5.0% during the 1st quarter. BlackRock Inc. now owns 7,651,002 shares of the technology company’s stock worth $1,061,499,000 after purchasing an additional 361,689 shares during the last quarter. Ronna Sue Cohen lifted its stake in shares of Jack Henry & Associates by 12,790.2% during the 1st quarter. Ronna Sue Cohen now owns 1,964,856 shares of the technology company’s stock worth $1,965,000 after purchasing an additional 1,949,613 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Jack Henry & Associates by 0.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,747,149 shares of the technology company’s stock worth $242,402,000 after purchasing an additional 13,161 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 40.0% during the 4th quarter. Geode Capital Management LLC now owns 1,395,069 shares of the technology company’s stock worth $176,281,000 after purchasing an additional 398,777 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Jack Henry & Associates by 2.4% during the 1st quarter. Northern Trust Corp now owns 932,154 shares of the technology company’s stock worth $129,327,000 after purchasing an additional 21,605 shares during the last quarter. Institutional investors and hedge funds own 89.34% of the company’s stock.

Jack Henry & Associates stock opened at $133.80 on Tuesday. The company has a 50-day simple moving average of $138.15. Jack Henry & Associates, Inc. has a one year low of $120.20 and a one year high of $163.68. The stock has a market capitalization of $10.71 billion, a PE ratio of 37.27, a PEG ratio of 3.36 and a beta of 0.91.

A number of equities research analysts recently weighed in on JKHY shares. Keefe, Bruyette & Woods started coverage on Jack Henry & Associates in a research note on Monday, April 8th. They set a “market perform” rating and a $145.00 price objective for the company. BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Cantor Fitzgerald restated a “buy” rating and set a $159.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $154.25.

In other Jack Henry & Associates news, Director Wesley A. Brown sold 400 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $134.98, for a total value of $53,992.00. Following the completion of the sale, the director now directly owns 85,965 shares in the company, valued at $11,603,555.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew C. Flanigan sold 5,000 shares of the stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $137.70, for a total value of $688,500.00. Following the completion of the sale, 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 sold 9,221 shares of company stock valued at $1,267,422. 0.84% of the stock is currently owned by company insiders.

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

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