Teacher Retirement System of Texas trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,105 shares of the technology company’s stock after selling 3,169 shares during the period. Teacher Retirement System of Texas owned about 0.21% of Jack Henry & Associates worth $21,441,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of JKHY. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the second quarter valued at $25,000. Flagship Harbor Advisors LLC grew its position in Jack Henry & Associates by 38.7% during the second quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after buying an additional 72 shares during the period. Advisory Services Network LLC grew its position in Jack Henry & Associates by 33.2% during the first quarter. Advisory Services Network LLC now owns 329 shares of the technology company’s stock valued at $45,000 after buying an additional 82 shares during the period. Private Capital Group LLC grew its position in Jack Henry & Associates by 53.5% during the first quarter. Private Capital Group LLC now owns 571 shares of the technology company’s stock valued at $79,000 after buying an additional 199 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Jack Henry & Associates during the first quarter valued at $86,000. Institutional investors own 90.52% of the company’s stock.

Shares of NASDAQ JKHY traded up $0.34 during trading on Friday, hitting $143.24. The company had a trading volume of 3,141 shares, compared to its average volume of 425,379. The stock has a fifty day simple moving average of $139.63 and a two-hundred day simple moving average of $137.42. Jack Henry & Associates, Inc. has a fifty-two week low of $120.20 and a fifty-two week high of $163.68. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 3.41 and a beta of 0.91.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $393.50 million for the quarter, compared to the consensus estimate of $390.70 million. Jack Henry & Associates had a net margin of 17.51% and a return on equity of 19.48%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.10 earnings per share. Sell-side analysts predict that Jack Henry & Associates, Inc. will post 3.76 EPS for the current year.

Several analysts have recently issued reports on JKHY shares. BidaskClub upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $159.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jack Henry & Associates presently has an average rating of “Buy” and a consensus price target of $153.00.

In other news, Director Wesley A. Brown sold 3,320 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $137.35, for a total value of $456,002.00. Following the transaction, the director now directly owns 90,931 shares of the company’s stock, valued at $12,489,372.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wesley A. Brown sold 400 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $134.98, for a total transaction of $53,992.00. Following the completion of the transaction, the director now directly owns 85,965 shares in the company, valued at $11,603,555.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,221 shares of company stock worth $1,267,422. Insiders own 0.84% of the company’s stock.

Jack Henry & Associates Company Profile

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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