Metropolitan Life Insurance Co. NY Has $7.03 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Metropolitan Life Insurance Co. NY lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,535 shares of the technology company’s stock after selling 614 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.10% of Jack Henry & Associates worth $7,032,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JKHY. Empire Life Investments Inc. acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at $347,000. Cigna Investments Inc. New acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $259,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Jack Henry & Associates by 270.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,620 shares of the technology company’s stock valued at $1,117,000 after buying an additional 9,217 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Jack Henry & Associates by 11.1% in the fourth quarter. AQR Capital Management LLC now owns 538,768 shares of the technology company’s stock valued at $47,832,000 after buying an additional 53,793 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $302,000. Institutional investors and hedge funds own 87.55% of the company’s stock.

Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) traded up 0.41% during trading on Wednesday, hitting $104.34. The stock had a trading volume of 90,309 shares. Jack Henry & Associates, Inc. has a 1-year low of $79.00 and a 1-year high of $106.46. The stock’s 50-day moving average price is $103.12 and its 200 day moving average price is $95.27. The firm has a market capitalization of $8.10 billion, a P/E ratio of 30.92 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 2nd. The technology company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm had revenue of $353.77 million for the quarter, compared to analyst estimates of $346.75 million. Jack Henry & Associates had a net margin of 18.76% and a return on equity of 26.86%. On average, analysts anticipate that Jack Henry & Associates, Inc. will post $3.14 earnings per share for the current year.

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Separately, Zacks Investment Research upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Friday, May 5th.

In related news, VP Mark S. Forbis sold 900 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $96.75, for a total transaction of $87,075.00. Following the completion of the sale, the vice president now owns 1,064 shares in the company, valued at approximately $102,942. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John F. Prim sold 9,650 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $103.89, for a total transaction of $1,002,538.50. Following the completion of the sale, the insider now owns 206,164 shares of the company’s stock, valued at approximately $21,418,377.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,350 shares of company stock worth $1,383,334. Insiders own 0.80% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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

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