Jack Henry & Associates, Inc. (JKHY) Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 113,653 shares of the technology company’s stock after selling 22,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.15% of Jack Henry & Associates worth $18,194,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JKHY. Principal Financial Group Inc. grew its holdings in Jack Henry & Associates by 2.6% during the first quarter. Principal Financial Group Inc. now owns 341,828 shares of the technology company’s stock worth $41,344,000 after acquiring an additional 8,631 shares during the period. Allianz Asset Management GmbH grew its holdings in Jack Henry & Associates by 1.2% during the first quarter. Allianz Asset Management GmbH now owns 55,618 shares of the technology company’s stock worth $6,727,000 after acquiring an additional 649 shares during the period. IFM Investors Pty Ltd acquired a new position in Jack Henry & Associates during the second quarter worth $273,000. State of Alaska Department of Revenue grew its holdings in Jack Henry & Associates by 4.7% during the second quarter. State of Alaska Department of Revenue now owns 14,993 shares of the technology company’s stock worth $1,954,000 after acquiring an additional 670 shares during the period. Finally, Bank of Montreal Can grew its holdings in Jack Henry & Associates by 6.1% during the second quarter. Bank of Montreal Can now owns 38,353 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 2,189 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

JKHY opened at $141.50 on Friday. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 3.31 and a beta of 0.93. Jack Henry & Associates, Inc. has a one year low of $111.37 and a one year high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 6th. The technology company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.15. The company had revenue of $392.54 million for the quarter, compared to the consensus estimate of $385.12 million. Jack Henry & Associates had a return on equity of 24.13% and a net margin of 25.29%. Jack Henry & Associates’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. As a group, equities analysts predict that Jack Henry & Associates, Inc. will post 3.96 EPS for the current year.

A number of brokerages recently weighed in on JKHY. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Saturday. ValuEngine lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered Jack Henry & Associates from a “hold” rating to a “sell” rating in a report on Saturday. Cantor Fitzgerald upped their price objective on Jack Henry & Associates from $141.00 to $169.00 and gave the stock an “overweight” rating in a report on Thursday, August 23rd. Finally, Robert W. Baird boosted 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Jack Henry & Associates presently has an average rating of “Hold” and an average price target of $143.00.

In other Jack Henry & Associates news, Director John F. Prim sold 6,329 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $157.40, for a total transaction of $996,184.60. Following the sale, the director now directly owns 206,318 shares in the company, valued at $32,474,453.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.

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

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