PNC Financial Services Group Inc. lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,350 shares of the technology company’s stock after selling 252 shares during the period. PNC Financial Services Group Inc.’s holdings in Jack Henry & Associates were worth $872,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC increased 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 in the last quarter. TrimTabs Asset Management LLC increased its position in shares of 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 worth $114,000 after buying an additional 576 shares during the period. Menta Capital LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth about $205,000. Vident Investment Advisory LLC purchased a new position in shares of Jack Henry & Associates during the first quarter worth about $207,000. Finally, Sawtooth Solutions LLC purchased a new position in shares of Jack Henry & Associates during the first quarter worth about $222,000. Institutional investors and hedge funds own 87.74% of the company’s stock.
Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up 0.37% during mid-day trading on Friday, hitting $107.08. 292,814 shares of the stock traded hands. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $107.27. The company has a 50-day moving average of $104.88 and a 200 day moving average of $97.47. The firm has a market capitalization of $8.31 billion, a P/E ratio of 31.73 and a beta of 0.75.
Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 2nd. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Jack Henry & Associates had a return on equity of 26.86% and a net margin of 18.76%. The company had revenue of $353.77 million for the quarter, compared to analyst estimates of $346.75 million. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post $3.14 EPS for the current year.
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Separately, Zacks Investment Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th.
In related news, Director Wesley A. Brown sold 2,800 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $104.90, for a total transaction of $293,720.00. Following the transaction, the director now directly owns 80,278 shares of the company’s stock, valued at approximately $8,421,162.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark S. Forbis sold 900 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $96.75, for a total value of $87,075.00. Following the transaction, the vice president now directly owns 1,064 shares in the company, valued at $102,942. The disclosure for this sale can be found here. Insiders have sold a total of 13,350 shares of company stock worth $1,383,334 over the last ninety days. 0.80% of the stock is currently owned by corporate insiders.
Jack Henry & Associates Company 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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