Sumitomo Mitsui Asset Management Company LTD bought a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,728 shares of the technology company’s stock, valued at approximately $594,000.

Several other large investors have also recently added to or reduced their stakes in the stock. YorkBridge Wealth Partners LLC boosted its stake in Jack Henry & Associates by 21.6% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,043 shares of the technology company’s stock valued at $102,000 after buying an additional 185 shares during the period. Parallel Advisors LLC boosted its stake in Jack Henry & Associates by 43.3% in the first quarter. Parallel Advisors LLC now owns 1,108 shares of the technology company’s stock valued at $108,000 after buying an additional 335 shares during the period. TrimTabs Asset Management LLC boosted its stake in Jack Henry & Associates by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 1,225 shares of the technology company’s stock valued at $114,000 after buying an additional 576 shares during the period. Almanack Investment Partners LLC. purchased a new stake in Jack Henry & Associates during the first quarter valued at approximately $124,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Jack Henry & Associates by 249.3% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,799 shares of the technology company’s stock valued at $187,000 after buying an additional 1,284 shares during the period. 87.92% of the stock is owned by institutional investors.

Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at 106.37 on Thursday. The stock has a 50 day moving average price of $105.40 and a 200 day moving average price of $98.42. Jack Henry & Associates, Inc. has a 52-week low of $79.00 and a 52-week high of $109.67. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 31.52 and a beta of 0.75.

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Separately, Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating and set a $117.00 target price for the company. in a research note on Tuesday, May 30th.

In other Jack Henry & Associates news, insider John F. Prim sold 9,650 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the completion of the sale, the insider now directly owns 206,164 shares in the company, valued at approximately $21,418,377.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark S. Forbis sold 900 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $96.75, for a total value of $87,075.00. Following the sale, the vice president now owns 1,064 shares of the company’s stock, valued at $102,942. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,350 shares of company stock valued at $1,383,334. Company insiders own 0.80% of the company’s stock.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

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