First Trust Advisors LP lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 60.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,394 shares of the technology company’s stock after selling 116,915 shares during the period. First Trust Advisors LP owned approximately 0.10% of Jack Henry & Associates worth $10,599,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in JKHY. Flagship Harbor Advisors LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter worth $25,000. Executive Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter valued at $27,000. Advisory Services Network LLC grew its stake in Jack Henry & Associates by 85.7% in the fourth quarter. Advisory Services Network LLC now owns 247 shares of the technology company’s stock valued at $32,000 after purchasing an additional 114 shares in the last quarter. Riverview Trust Co purchased a new position in Jack Henry & Associates in the fourth quarter valued at about $37,000. Finally, Private Capital Group LLC grew its stake in Jack Henry & Associates by 53.5% in the first quarter. Private Capital Group LLC now owns 571 shares of the technology company’s stock valued at $79,000 after purchasing an additional 199 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Matthew C. Flanigan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $137.70, for a total value of $688,500.00. Following the completion of the transaction, the director now owns 49,226 shares in the company, valued at approximately $6,778,420.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wesley A. Brown sold 3,320 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $137.35, for a total value of $456,002.00. Following the completion of the transaction, the director now owns 90,931 shares of the company’s stock, valued at approximately $12,489,372.85. The disclosure for this sale can be found here. In the last three months, insiders sold 9,221 shares of company stock worth $1,267,422. 0.84% of the stock is currently owned by company insiders.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.77 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.77. The firm had revenue of $380.36 million for the quarter, compared to analyst estimates of $382.45 million. Jack Henry & Associates had a return on equity of 21.72% and a net margin of 18.79%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 3.5 earnings per share for the current year.
A number of research analysts have commented on JKHY shares. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $15.00 price target on shares of Foamix Pharmaceuticals in a research report on Tuesday, May 7th. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods initiated coverage on Fiserv in a research report on Monday, April 8th. They set a “market perform” rating and a $101.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $154.25.
About Jack Henry & Associates
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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