Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 81.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,489 shares of the company’s stock after selling 10,964 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jack Henry & Associates were worth $213,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. MSI Financial Services Inc raised its stake in Jack Henry & Associates by 32.4% in the third quarter. MSI Financial Services Inc now owns 1,546 shares of the company’s stock valued at $132,000 after buying an additional 378 shares during the period. Nichols & Pratt Advisers LLP MA bought a new stake in Jack Henry & Associates during the third quarter valued at approximately $206,000. Stratos Wealth Partners LTD. bought a new stake in Jack Henry & Associates during the third quarter valued at approximately $217,000. Atria Investments LLC bought a new stake in Jack Henry & Associates during the third quarter valued at approximately $218,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Jack Henry & Associates during the third quarter valued at approximately $240,000. Hedge funds and other institutional investors own 87.58% of the company’s stock.
Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded down 0.24% during midday trading on Friday, reaching $90.60. The company’s stock had a trading volume of 297,436 shares. Jack Henry & Associates, Inc. has a 12-month low of $79.00 and a 12-month high of $91.48. The stock has a 50-day moving average of $89.93 and a 200 day moving average of $87.09. The firm has a market capitalization of $7.12 billion, a P/E ratio of 27.60 and a beta of 0.69.
Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Jack Henry & Associates had a net margin of 18.60% and a return on equity of 26.66%. The business earned $348.55 million during the quarter, compared to the consensus estimate of $346.41 million. During the same period in the previous year, the firm posted $0.74 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Jack Henry & Associates, Inc. will post $3.12 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 9th. Stephens set a $90.00 price objective on Jack Henry & Associates and gave the stock a “hold” rating in a research note on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.33.
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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