Harbor Capital Advisors Inc. Purchases 3,113 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Harbor Capital Advisors Inc. increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 285.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,204 shares of the technology company’s stock after purchasing an additional 3,113 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Jack Henry & Associates were worth $698,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. TD Asset Management Inc lifted its position in shares of Jack Henry & Associates by 327.7% during the 4th quarter. TD Asset Management Inc now owns 544,781 shares of the technology company’s stock worth $89,023,000 after buying an additional 417,401 shares during the period. APG Asset Management US Inc. bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $54,552,000. Balyasny Asset Management L.P. increased its position in shares of Jack Henry & Associates by 96.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 565,659 shares of the technology company’s stock worth $92,434,000 after purchasing an additional 277,945 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in Jack Henry & Associates by 250.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 291,514 shares of the technology company’s stock valued at $47,636,000 after purchasing an additional 208,322 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after buying an additional 171,477 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Down 0.4 %

Jack Henry & Associates stock traded down $0.64 during midday trading on Wednesday, hitting $165.87. 226,911 shares of the stock were exchanged, compared to its average volume of 423,088. The stock has a market capitalization of $12.09 billion, a PE ratio of 32.14, a P/E/G ratio of 3.98 and a beta of 0.63. The company has a fifty day simple moving average of $165.38 and a two-hundred day simple moving average of $168.01. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The company had revenue of $538.56 million during the quarter, compared to analyst estimates of $541.80 million. Jack Henry & Associates had a net margin of 17.28% and a return on equity of 22.18%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. Equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.