London Co. of Virginia Sells 4,057 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

London Co. of Virginia reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,796 shares of the technology company’s stock after selling 4,057 shares during the quarter. London Co. of Virginia’s holdings in Jack Henry & Associates were worth $46,243,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Jack Henry & Associates during the fourth quarter valued at approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Jack Henry & Associates by 95.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company’s stock worth $229,057,000 after purchasing an additional 643,697 shares during the period. Invesco Ltd. raised its holdings in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company’s stock worth $359,523,000 after acquiring an additional 471,507 shares during the period. Deutsche Bank AG boosted its position in shares of Jack Henry & Associates by 170.6% during the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company’s stock worth $102,278,000 after buying an additional 367,806 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in Jack Henry & Associates by 406.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 348,447 shares of the technology company’s stock worth $61,083,000 after acquiring an additional 279,628 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research report on Thursday. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group lowered their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $184.10.

Jack Henry & Associates Stock Up 0.9%

JKHY opened at $180.96 on Monday. The stock has a fifty day moving average of $175.19 and a 200-day moving average of $174.97. The company has a market capitalization of $13.19 billion, a P/E ratio of 32.66, a P/E/G ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.