The Boston Private Wealth LLC Has $471,000 Stake in Jack Henry & Associates, Inc. (JKHY), Report finds

The Boston Private Wealth LLC Has $471,000 Stake in Jack Henry & Associates, Inc. (JKHY), Report finds

Several other hedge funds and other institutional investors have also recently modified their holdings of JKHY. MSI Financial Services Inc boosted 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 worth $132,000 after buying an additional 378 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Jack Henry & Associates by 297.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,590 shares of the company’s stock worth $136,000 after buying an additional 1,190 shares during the period. Nichols & Pratt Advisers LLP MA bought a new stake in Jack Henry & Associates during the third quarter worth approximately $206,000. Stratos Wealth Partners LTD. bought a new stake in Jack Henry & Associates during the third quarter worth approximately $217,000. Finally, Atria Investments LLC bought a new stake in Jack Henry & Associates during the third quarter worth approximately $218,000. 87.58% of the stock is currently owned by hedge funds and other institutional investors.

Boston Private Wealth LLC boosted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 87.3% during the third quarter, Holdings Channel reports. The fund owned 5,507 shares of the company’s stock after buying an additional 2,567 shares during the period. Boston Private Wealth LLC’s holdings in Jack Henry & Associates were worth $471,000 as of its most recent filing with the SEC.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up 1.44% during mid-day trading on Thursday, reaching $90.82. 385,668 shares of the company’s stock traded hands. Jack Henry & Associates, Inc. has a one year low of $77.05 and a one year high of $91.48. The firm’s 50-day moving average is $89.88 and its 200 day moving average is $87.08. The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 27.66 and a beta of 0.69.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Jack Henry & Associates had a net margin of 18.60% and a return on equity of 26.65%. The firm had revenue of $348.55 million for the quarter, compared to analyst estimates of $346.41 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts predict that Jack Henry & Associates, Inc. will post $3.12 earnings per share for the current year.

JKHY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, October 26th. Stephens set a $90.00 target price on shares of Jack Henry & Associates and gave the stock a “hold” rating in a research note on Wednesday, November 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target 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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