Crossmark Global Holdings Inc. cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,892 shares of the technology company’s stock after selling 5,612 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jack Henry & Associates were worth $3,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Jack Henry & Associates by 28.7% in the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock valued at $277,675,000 after purchasing an additional 596,227 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at approximately $203,000. Commonwealth Bank of Australia lifted its stake in shares of Jack Henry & Associates by 31.2% in the 3rd quarter. Commonwealth Bank of Australia now owns 317,746 shares of the technology company’s stock valued at $32,253,000 after purchasing an additional 75,515 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 11.0% in the 3rd quarter. TimesSquare Capital Management LLC now owns 713,470 shares of the technology company’s stock valued at $73,338,000 after purchasing an additional 70,770 shares during the last quarter. Finally, BTIM Corp. bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at approximately $6,916,000. 89.10% of the stock is owned by institutional investors.

Shares of Jack Henry & Associates, Inc. (NASDAQ JKHY) opened at $115.33 on Friday. Jack Henry & Associates, Inc. has a one year low of $90.25 and a one year high of $127.31. The stock has a market capitalization of $8,836.40, a P/E ratio of 26.03, a P/E/G ratio of 3.08 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.80 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.80. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 23.35%. The firm had revenue of $374.80 million during the quarter, compared to analyst estimates of $368.84 million. During the same period last year, the company earned $0.75 EPS. Jack Henry & Associates’s quarterly revenue was up 7.5% compared to the same quarter last year. equities analysts anticipate that Jack Henry & Associates, Inc. will post 3.38 EPS for the current year.

Several equities research analysts have recently issued reports on JKHY shares. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $103.00 price objective (up from $96.00) on shares of Jack Henry & Associates in a research note on Thursday, November 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $114.00 price objective on shares of Jack Henry & Associates in a research note on Friday, November 10th. Cantor Fitzgerald raised their price objective on Jack Henry & Associates to $128.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Jack Henry & Associates in a research note on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $122.17.

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

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