Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Purchased by LVW Advisors LLC

LVW Advisors LLC raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,076 shares of the technology company’s stock after buying an additional 360 shares during the quarter. LVW Advisors LLC’s holdings in Jack Henry & Associates were worth $677,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JKHY. Campbell & CO Investment Adviser LLC grew its stake in Jack Henry & Associates by 352.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 12,222 shares of the technology company’s stock valued at $1,997,000 after acquiring an additional 9,519 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Jack Henry & Associates by 36.6% during the 4th quarter. BNP Paribas Financial Markets now owns 121,466 shares of the technology company’s stock worth $19,849,000 after buying an additional 32,537 shares during the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at approximately $2,634,000. Torray Investment Partners LLC lifted its holdings in Jack Henry & Associates by 2.5% in the fourth quarter. Torray Investment Partners LLC now owns 8,956 shares of the technology company’s stock valued at $1,464,000 after acquiring an additional 221 shares during the last quarter. Finally, Norden Group LLC purchased a new position in Jack Henry & Associates in the first quarter worth approximately $1,411,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of research analyst reports. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Evercore ISI increased their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.67.

Jack Henry & Associates Stock Down 0.0 %

Shares of Jack Henry & Associates stock traded down $0.06 during trading on Tuesday, hitting $162.65. 25,139 shares of the stock were exchanged, compared to its average volume of 420,702. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The firm’s 50-day moving average price is $165.63 and its 200 day moving average price is $167.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.