SG Americas Securities LLC Has $5.92 Million Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SG Americas Securities LLC grew its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 79.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,219 shares of the technology company’s stock after purchasing an additional 19,517 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Jack Henry & Associates worth $5,922,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JKHY. Geode Capital Management LLC raised 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 buying an additional 398,777 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Jack Henry & Associates in the 4th quarter valued at about $262,000. Nordea Investment Management AB raised its stake in Jack Henry & Associates by 37.1% in the 4th quarter. Nordea Investment Management AB now owns 3,382 shares of the technology company’s stock valued at $428,000 after purchasing an additional 916 shares during the last quarter. FMR LLC raised its stake in Jack Henry & Associates by 146.1% in the 4th quarter. FMR LLC now owns 220,582 shares of the technology company’s stock valued at $27,908,000 after purchasing an additional 130,940 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Jack Henry & Associates in the 1st quarter valued at about $1,560,000. 89.34% of the stock is currently owned by institutional investors.

JKHY stock traded down $0.20 during trading on Friday, hitting $140.62. The stock had a trading volume of 162,771 shares, compared to its average volume of 380,428. The company has a 50 day moving average price of $138.18. Jack Henry & Associates, Inc. has a 1-year low of $120.20 and a 1-year high of $163.68. The company has a market capitalization of $10.87 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 3.41 and a beta of 0.91.

JKHY has been the subject of several analyst reports. BidaskClub raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $159.00 target price on shares of Jack Henry & Associates in a research note on Tuesday, May 7th. Finally, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $154.25.

In related news, Director Wesley A. Brown sold 400 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $134.98, for a total value of $53,992.00. Following the completion of the transaction, the director now owns 85,965 shares of the company’s stock, valued at approximately $11,603,555.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew C. Flanigan sold 5,000 shares of Jack Henry & Associates 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 approximately $6,778,420.20. The disclosure for this sale can be found here. Insiders sold a total of 9,221 shares of company stock valued at $1,267,422 in the last three months. 0.84% of the stock is currently owned by corporate insiders.

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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