State Treasurer State of Michigan trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,750 shares of the technology company’s stock after selling 1,400 shares during the period. State Treasurer State of Michigan’s holdings in Jack Henry & Associates were worth $3,246,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MPS Loria Financial Planners LLC acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $145,000. Cerebellum GP LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $165,000. Koch Industries Inc. acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $203,000. Boothbay Fund Management LLC acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $206,000. Finally, Zions Bancorporation acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Several analysts have commented on JKHY shares. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Wednesday, January 31st. Cantor Fitzgerald restated a “buy” rating and set a $128.00 target price on shares of Jack Henry & Associates in a report on Tuesday. Robert W. Baird restated a “hold” rating and set a $114.00 target price on shares of Jack Henry & Associates in a report on Friday, November 10th. DA Davidson started coverage on shares of Jack Henry & Associates in a report on Monday, January 22nd. They set a “neutral” rating and a $118.00 target price on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $103.00 target price (up from $96.00) on shares of Jack Henry & Associates in a report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $122.17.

Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $114.37 on Friday. The company has a market cap of $9,054.20, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 3.17 and a beta of 0.78. Jack Henry & Associates, Inc. has a fifty-two week low of $88.33 and a fifty-two week high of $127.31.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 7th. The technology company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $359.93 million for the quarter, compared to analyst estimates of $360.50 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. equities research analysts forecast that Jack Henry & Associates, Inc. will post 3.36 EPS for the current year.

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Jack Henry & Associates Profile

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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