SG Americas Securities LLC Acquires 82,351 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

SG Americas Securities LLC grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 207.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,075 shares of the technology company’s stock after acquiring an additional 82,351 shares during the quarter. SG Americas Securities LLC’s holdings in Jack Henry & Associates were worth $20,267,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on JKHY shares. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Wednesday, May 8th. Robert W. Baird lifted their price objective on Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, June 22nd. Evercore ISI increased their target price 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. Finally, DA Davidson restated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $174.67.

Jack Henry & Associates Trading Down 0.5 %

NASDAQ JKHY opened at $166.44 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $178.37. The stock has a 50-day simple moving average of $165.63 and a 200 day simple moving average of $167.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $12.13 billion, a PE ratio of 32.13, a P/E/G ratio of 3.98 and a beta of 0.63.

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.