Jack Henry & Associates, Inc. (NASDAQ:JKHY) Position Boosted by Cox Capital Mgt LLC

Cox Capital Mgt LLC boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,821 shares of the technology company’s stock after acquiring an additional 229 shares during the quarter. Jack Henry & Associates comprises about 1.9% of Cox Capital Mgt LLC’s holdings, making the stock its 20th largest holding. Cox Capital Mgt LLC’s holdings in Jack Henry & Associates were worth $1,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Utah Retirement Systems raised its stake in shares of Jack Henry & Associates by 0.7% during the 4th quarter. Utah Retirement Systems now owns 14,400 shares of the technology company’s stock worth $1,822,000 after purchasing an additional 100 shares in the last quarter. Eaton Vance Management grew its stake in Jack Henry & Associates by 1.6% in the fourth quarter. Eaton Vance Management now owns 6,579 shares of the technology company’s stock valued at $832,000 after acquiring an additional 104 shares during the period. IFP Advisors Inc grew its stake in Jack Henry & Associates by 10.7% in the fourth quarter. IFP Advisors Inc now owns 1,136 shares of the technology company’s stock valued at $142,000 after acquiring an additional 110 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Jack Henry & Associates by 3.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,562 shares of the technology company’s stock valued at $451,000 after acquiring an additional 112 shares during the period. Finally, Advisory Services Network LLC grew its stake in Jack Henry & Associates by 85.7% in the fourth quarter. Advisory Services Network LLC now owns 247 shares of the technology company’s stock valued at $32,000 after acquiring an additional 114 shares during the period. 90.35% of the stock is currently owned by institutional investors.

In other news, VP Ronald L. Moses sold 750 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $134.20, for a total transaction of $100,650.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Stacey E. Zengel sold 4,388 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $133.50, for a total transaction of $585,798.00. Following the sale, the vice president now owns 4,453 shares in the company, valued at approximately $594,475.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,623 shares of company stock worth $1,945,586. Corporate insiders own 0.84% of the company’s stock.

Jack Henry & Associates stock traded up $0.46 during trading hours on Thursday, reaching $147.30. 218,322 shares of the company’s stock were exchanged, compared to its average volume of 471,626. Jack Henry & Associates, Inc. has a twelve month low of $116.79 and a twelve month high of $163.68. The company has a market cap of $11.37 billion, a P/E ratio of 41.03, a PEG ratio of 3.73 and a beta of 0.88.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 5th. The technology company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. The firm had revenue of $386.28 million during the quarter, compared to the consensus estimate of $380.40 million. Jack Henry & Associates had a return on equity of 23.57% and a net margin of 19.57%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $2.08 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 3.57 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Wells Fargo & Co upgraded Jack Henry & Associates from a “market perform” rating to an “outperform” rating and cut their price target for the company from $160.00 to $155.00 in a report on Thursday, February 7th. Raymond James initiated coverage on Jack Henry & Associates in a report on Wednesday, February 20th. They set a “market perform” rating on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $163.00 target price on shares of Jack Henry & Associates in a report on Tuesday, February 5th. Finally, BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $151.20.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://www.baseballdailydigest.com/news/2019/04/25/jack-henry-associates-inc-jkhy-holdings-raised-by-cox-capital-mgt-llc.html.

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.

Featured Article: What is a growth and income fund?

Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.