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

LVW Advisors LLC boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,076 shares of the technology company’s stock after acquiring an additional 360 shares during the period. LVW Advisors LLC’s holdings in Jack Henry & Associates were worth $677,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in shares of Jack Henry & Associates during the 1st quarter worth about $30,000. VisionPoint Advisory Group LLC purchased a new position in Jack Henry & Associates in the fourth quarter valued at about $44,000. Riverview Trust Co acquired a new position in Jack Henry & Associates during the first quarter worth $51,000. GAMMA Investing LLC acquired a new position in shares of Jack Henry & Associates during the 4th quarter worth $79,000. Finally, Janiczek Wealth Management LLC raised its position in shares of Jack Henry & Associates by 55.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 477 shares of the technology company’s stock worth $83,000 after purchasing an additional 170 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY traded down $0.06 during trading hours on Tuesday, hitting $162.65. 25,139 shares of the company were exchanged, compared to its average volume of 420,702. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $11.86 billion, a PE ratio of 31.41, a PEG ratio of 3.98 and a beta of 0.63. The firm has a fifty day simple moving average of $165.63 and a 200-day simple moving average of $167.99. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37.

Analyst Ratings Changes

JKHY has been the topic of a number of analyst reports. DA Davidson restated a “buy” rating and set a $198.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Robert W. Baird upped their price objective 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. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Evercore ISI upped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $174.67.

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.