Bath Savings Trust Co Has $5.45 Million Position in Jack Henry & Associates, Inc. (JKHY)

Bath Savings Trust Co cut its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,484 shares of the technology company’s stock after selling 1,511 shares during the period. Jack Henry & Associates comprises about 1.5% of Bath Savings Trust Co’s portfolio, making the stock its 25th largest position. Bath Savings Trust Co owned about 0.07% of Jack Henry & Associates worth $5,451,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake in shares of 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 last quarter. Parallel Advisors LLC raised its stake in shares of 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 last quarter. TrimTabs Asset Management LLC raised its stake 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 valued at $114,000 after buying an additional 576 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in shares of Jack Henry & Associates during the first quarter valued at approximately $124,000. Finally, RGT Capital Management Ltd. acquired a new stake in shares of Jack Henry & Associates during the first quarter valued at about $203,000. 87.74% of the stock is owned by institutional investors.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up 0.37% during midday trading on Friday, reaching $107.08. 292,814 shares of the company’s stock traded hands. Jack Henry & Associates, Inc. has a 52 week low of $79.00 and a 52 week high of $107.27. The stock’s 50 day moving average is $104.88 and its 200-day moving average is $97.47. The company has a market capitalization of $8.31 billion, a PE ratio of 31.73 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $353.77 million for the quarter, compared to analyst estimates of $346.75 million. Jack Henry & Associates had a return on equity of 26.86% and a net margin of 18.76%. On average, analysts forecast that Jack Henry & Associates, Inc. will post $3.14 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Friday, May 5th.

In other news, VP Mark S. Forbis sold 900 shares of Jack Henry & Associates 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 transaction, the vice president now directly owns 1,064 shares of the company’s stock, valued at approximately $102,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wesley A. Brown sold 2,800 shares of Jack Henry & Associates stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $104.90, for a total value of $293,720.00. Following the completion of the transaction, the director now directly owns 80,278 shares in the company, valued at $8,421,162.20. The disclosure for this sale can be found here. Insiders sold a total of 13,350 shares of company stock worth $1,383,334 over the last ninety days. Corporate 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).

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

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