State of Alaska Department of Revenue Sells 1,588 Shares of Jack Henry & Associates, Inc. (JKHY)

State of Alaska Department of Revenue cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,615 shares of the technology company’s stock after selling 1,588 shares during the period. State of Alaska Department of Revenue’s holdings in Jack Henry & Associates were worth $2,026,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Utah Retirement Systems lifted its holdings in Jack Henry & Associates by 0.7% in the 4th quarter. Utah Retirement Systems now owns 14,400 shares of the technology company’s stock valued at $1,822,000 after purchasing an additional 100 shares in the last quarter. Eaton Vance Management lifted its holdings in Jack Henry & Associates by 1.6% in the 4th quarter. Eaton Vance Management now owns 6,579 shares of the technology company’s stock valued at $832,000 after purchasing an additional 104 shares in the last quarter. Hollencrest Capital Management lifted its holdings in Jack Henry & Associates by 2.6% in the 1st quarter. Hollencrest Capital Management now owns 4,247 shares of the technology company’s stock valued at $590,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc lifted its holdings in Jack Henry & Associates by 10.7% in the 4th quarter. IFP Advisors Inc now owns 1,136 shares of the technology company’s stock valued at $142,000 after purchasing an additional 110 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Jack Henry & Associates by 3.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,562 shares of the technology company’s stock valued at $451,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 90.35% of the company’s stock.

A number of research firms have recently commented on JKHY. Cantor Fitzgerald reaffirmed a “buy” rating and set a $163.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, February 5th. Raymond James began coverage on shares of Jack Henry & Associates in a research note on Wednesday, February 20th. They set a “market perform” rating for the company. Wells Fargo & Co raised shares of Jack Henry & Associates from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $160.00 to $155.00 in a research note on Thursday, February 7th. Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Finally, BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $151.20.

In other news, VP Stacey E. Zengel sold 4,388 shares of the company’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $133.50, for a total transaction of $585,798.00. Following the completion of the transaction, the vice president now owns 4,453 shares of the company’s stock, valued at approximately $594,475.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Russell L. Bernthal sold 910 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $137.56, for a total transaction of $125,179.60. Following the sale, the vice president now directly owns 4,831 shares of the company’s stock, valued at approximately $664,552.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,623 shares of company stock valued at $1,945,586. Corporate insiders own 0.84% of the company’s stock.

NASDAQ JKHY opened at $143.83 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $116.79 and a 12 month high of $163.68. The stock has a market cap of $11.10 billion, a PE ratio of 40.06, a P/E/G ratio of 3.67 and a beta of 0.88.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. Jack Henry & Associates had a net margin of 19.57% and a return on equity of 23.57%. The company had revenue of $386.28 million during the quarter, compared to the consensus estimate of $380.40 million. During the same quarter in the prior year, the company posted $2.08 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 3.57 earnings per share for the current year.

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Jack Henry & Associates 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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