Axa S.A. Increases Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Axa S.A. increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,346 shares of the technology company’s stock after buying an additional 2,562 shares during the period. Axa S.A.’s holdings in Jack Henry & Associates were worth $1,814,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after acquiring an additional 131,515 shares during the period. Enterprise Financial Services Corp bought a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $900,000. Cobblestone Capital Advisors LLC NY grew its stake in Jack Henry & Associates by 21.4% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 121,782 shares of the technology company’s stock worth $21,348,000 after purchasing an additional 21,466 shares during the period. Andra AP fonden raised its holdings in Jack Henry & Associates by 10.7% in the fourth quarter. Andra AP fonden now owns 29,900 shares of the technology company’s stock worth $5,241,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Jack Henry & Associates by 52.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,898 shares of the technology company’s stock valued at $1,735,000 after buying an additional 3,409 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $179.42 on Friday. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 3.36 and a beta of 0.75. The business’s fifty day simple moving average is $175.11 and its two-hundred day simple moving average is $175.12. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Wells Fargo & Company initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. UBS Group cut their price target on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $184.10.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.