Hartford Investment Management Co. Has $1.33 Million Holdings in Jack Henry & Associates, Inc. (JKHY)

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Hartford Investment Management Co. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 447.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,469 shares of the technology company’s stock after buying an additional 8,556 shares during the period. Hartford Investment Management Co.’s holdings in Jack Henry & Associates were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. grew its position in shares of Jack Henry & Associates by 415.9% in the 4th quarter. Legacy Financial Advisors Inc. now owns 227 shares of the technology company’s stock valued at $29,000 after buying an additional 183 shares during the last quarter. Private Capital Group LLC grew its position in shares of Jack Henry & Associates by 186.2% in the 4th quarter. Private Capital Group LLC now owns 372 shares of the technology company’s stock valued at $47,000 after buying an additional 242 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $93,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Jack Henry & Associates in the 3rd quarter valued at about $113,000. Finally, IFP Advisors Inc grew its position in shares of Jack Henry & Associates by 10.7% in the 4th quarter. IFP Advisors Inc now owns 1,136 shares of the technology company’s stock valued at $142,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

In related news, VP Mark S. Forbis sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $134.91, for a total transaction of $404,730.00. Following the transaction, the vice president now directly owns 5,038 shares of the company’s stock, valued at approximately $679,676.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.84% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:JKHY opened at $131.43 on Tuesday. The stock has a market capitalization of $10.24 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89. Jack Henry & Associates, Inc. has a 1 year low of $115.49 and a 1 year high of $163.68.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The business had revenue of $386.28 million for the quarter, compared to the consensus estimate of $380.40 million. During the same period in the prior year, the business earned $2.08 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 3.58 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on JKHY. BidaskClub downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Friday. Wells Fargo & Co raised Jack Henry & Associates from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $160.00 to $155.00 in a research note on Thursday, February 7th. Zacks Investment Research raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $163.00 price objective on shares of Jack Henry & Associates in a research note on Tuesday, February 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Jack Henry & Associates has an average rating of “Buy” and a consensus target price of $152.75.

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About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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

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