Wetherby Asset Management Inc. Invests $214,000 in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Wetherby Asset Management Inc. acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,468 shares of the technology company’s stock, valued at approximately $214,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its holdings in shares of Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock worth $34,000 after acquiring an additional 72 shares during the last quarter. TrinityPoint Wealth LLC raised its holdings in shares of Jack Henry & Associates by 4.3% in the 2nd quarter. TrinityPoint Wealth LLC now owns 1,888 shares of the technology company’s stock worth $258,000 after acquiring an additional 77 shares during the last quarter. Unigestion Holding SA raised its holdings in shares of Jack Henry & Associates by 0.8% in the 2nd quarter. Unigestion Holding SA now owns 10,166 shares of the technology company’s stock worth $1,361,000 after acquiring an additional 84 shares during the last quarter. CWM LLC raised its holdings in shares of Jack Henry & Associates by 40.9% in the 3rd quarter. CWM LLC now owns 310 shares of the technology company’s stock worth $45,000 after acquiring an additional 90 shares during the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of Jack Henry & Associates by 2.5% in the 3rd quarter. Advisor Partners LLC now owns 3,861 shares of the technology company’s stock worth $564,000 after acquiring an additional 95 shares during the last quarter. 91.04% of the stock is currently owned by institutional investors.

NASDAQ:JKHY traded up $0.86 on Friday, hitting $149.51. The stock had a trading volume of 349,900 shares, compared to its average volume of 439,729. The firm’s fifty day simple moving average is $143.67 and its two-hundred day simple moving average is $140.31. Jack Henry & Associates, Inc. has a 1 year low of $120.20 and a 1 year high of $151.66. The stock has a market cap of $11.21 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 3.49 and a beta of 0.88.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.12. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The firm had revenue of $438.00 million during the quarter, compared to the consensus estimate of $420.34 million. During the same period last year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. Research analysts expect that Jack Henry & Associates, Inc. will post 3.67 EPS for the current fiscal year.

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JKHY has been the topic of a number of analyst reports. ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Wells Fargo & Co upped their target price on shares of Jack Henry & Associates from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday. BidaskClub upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday. Finally, Atlantic Securities initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 target price on the stock. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Jack Henry & Associates currently has an average rating of “Buy” and an average price target of $154.20.

In other news, VP Mark S. Forbis sold 1,479 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $148.29, for a total transaction of $219,320.91. Following the sale, the vice president now owns 1,621 shares in the company, valued at approximately $240,378.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ronald L. Moses sold 1,800 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $146.60, for a total transaction of $263,880.00. Following the sale, the vice president now owns 1,838 shares in the company, valued at approximately $269,450.80. The disclosure for this sale can be found here. 0.85% of the stock is 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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