Marshall Financial Group LLC Purchases Shares of 5,804 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Marshall Financial Group LLC purchased a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,804 shares of the technology company’s stock, valued at approximately $964,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Jack Henry & Associates by 0.5% during the first quarter. Vanguard Group Inc. now owns 8,688,433 shares of the technology company’s stock valued at $1,509,441,000 after acquiring an additional 39,456 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Jack Henry & Associates by 1.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,942,887 shares of the technology company’s stock valued at $317,487,000 after purchasing an additional 24,910 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Jack Henry & Associates by 10.9% in the 4th quarter. Handelsbanken Fonder AB now owns 764,600 shares of the technology company’s stock valued at $124,943,000 after purchasing an additional 75,200 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Jack Henry & Associates by 32.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after purchasing an additional 171,477 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Jack Henry & Associates by 25.6% in the 1st quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock valued at $118,894,000 after purchasing an additional 139,582 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $0.30 during midday trading on Friday, hitting $165.07. 503,227 shares of the company’s stock were exchanged, compared to its average volume of 423,241. Jack Henry & Associates, Inc. has a 12-month low of $136.57 and a 12-month high of $178.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The firm’s 50 day simple moving average is $165.71 and its 200 day simple moving average is $167.83.

Analyst Ratings Changes

JKHY has been the topic of a number of analyst reports. Evercore ISI raised their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Thursday. DA Davidson reiterated a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. Finally, William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of “Hold” and a consensus price target of $176.10.

Jack Henry & Associates Company Profile

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.