Channing Capital Management Boosted Its Holding in Sterling Bancorp (STL) as Shares Declined; Great West Life Assurance Company Has Lowered Its Stake in Henry Jack & Assoc (JKHY) by $419,920 as Shares Rose

April 20, 2018 - By Migdalia James

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Logo

Great West Life Assurance Company decreased its stake in Henry Jack & Assoc Inc (JKHY) by 2.96% based on its latest 2017Q4 regulatory filing with the SEC. Great West Life Assurance Company sold 3,620 shares as the company’s stock rose 2.46% while stock markets declined. The institutional investor held 118,536 shares of the technology company at the end of 2017Q4, valued at $13.85M, down from 122,156 at the end of the previous reported quarter. Great West Life Assurance Company who had been investing in Henry Jack & Assoc Inc for a number of months, seems to be less bullish one the $9.45B market cap company. The stock decreased 0.65% or $0.8 during the last trading session, reaching $122.28. About 91,598 shares traded. Jack Henry & Associates, Inc. (NASDAQ:JKHY) has risen 27.88% since April 20, 2017 and is uptrending. It has outperformed by 16.33% the S&P500.

Channing Capital Management Llc increased its stake in Sterling Bancorp (STL) by 17.01% based on its latest 2017Q4 regulatory filing with the SEC. Channing Capital Management Llc bought 43,278 shares as the company’s stock declined 13.09% with the market. The institutional investor held 297,747 shares of the major banks company at the end of 2017Q4, valued at $7.33M, up from 254,469 at the end of the previous reported quarter. Channing Capital Management Llc who had been investing in Sterling Bancorp for a number of months, seems to be bullish on the $4.99B market cap company. The stock increased 1.37% or $0.3 during the last trading session, reaching $22.15. About 1.30M shares traded. Sterling Bancorp (NYSE:STL) has declined 5.12% since April 20, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Among 12 analysts covering Sterling Bancorp (NYSE:STL), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Sterling Bancorp had 40 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Sterling Bancorp (NYSE:STL) has “Buy” rating given on Monday, July 24 by Jefferies. The rating was downgraded by Zacks to “Buy” on Tuesday, August 18. The company was maintained on Friday, September 29 by Jefferies. The firm has “Market Perform” rating by Hovde Group given on Monday, January 9. Hovde Group upgraded it to “Outperform” rating and $27 target in Wednesday, March 8 report. The firm earned “Neutral” rating on Monday, October 30 by Citigroup. The firm earned “Outperform” rating on Monday, October 10 by Hovde Group. Maxim Group maintained Sterling Bancorp (NYSE:STL) rating on Wednesday, July 26. Maxim Group has “Buy” rating and $3000 target. The stock of Sterling Bancorp (NYSE:STL) earned “Buy” rating by Piper Jaffray on Thursday, July 13. Piper Jaffray maintained Sterling Bancorp (NYSE:STL) on Thursday, January 25 with “Buy” rating.

Channing Capital Management Llc, which manages about $1.58B and $2.97B US Long portfolio, decreased its stake in Littelfuse Inc Com (NASDAQ:LFUS) by 21,624 shares to 291,267 shares, valued at $57.63M in 2017Q4, according to the filing. It also reduced its holding in Goldman Sachs Group Com (NYSE:GS) by 9,566 shares in the quarter, leaving it with 26,152 shares, and cut its stake in Citigroup Inc Com (NYSE:C).

Investors sentiment increased to 2.47 in 2017 Q4. Its up 0.94, from 1.53 in 2017Q3. It increased, as 27 investors sold STL shares while 46 reduced holdings. 66 funds opened positions while 114 raised stakes. 192.99 million shares or 45.84% more from 132.33 million shares in 2017Q3 were reported. Johnson has 4,067 shares for 0.01% of their portfolio. Hsbc Hldg Pcl has invested 0% in Sterling Bancorp (NYSE:STL). Jpmorgan Chase And owns 973,097 shares for 0.01% of their portfolio. Etrade Cap Ltd Liability Company holds 64,581 shares or 0.05% of its portfolio. Pier Capital Ltd Liability Co owns 276,615 shares. Virtu Financial Limited Liability has 35,617 shares for 0.05% of their portfolio. Moreover, Principal Fincl has 0.02% invested in Sterling Bancorp (NYSE:STL). Ejf Cap Limited holds 1.99 million shares or 3.91% of its portfolio. Envestnet Asset has 0% invested in Sterling Bancorp (NYSE:STL). Ameriprise Incorporated holds 0.02% or 2.20M shares in its portfolio. Credit Suisse Ag reported 0% of its portfolio in Sterling Bancorp (NYSE:STL). 11,369 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Parametric Portfolio Assocs holds 474,347 shares. Texas Permanent School Fund holds 0.05% or 151,895 shares in its portfolio. First Advisors Limited Partnership has invested 0% in Sterling Bancorp (NYSE:STL).

Among 7 analysts covering Jack Henry (NASDAQ:JKHY), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Jack Henry had 17 analyst reports since August 27, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cantor Fitzgerald on Monday, August 28. The stock has “Neutral” rating by Robert W. Baird on Wednesday, January 24. The stock has “Hold” rating by RBC Capital Markets on Sunday, September 17. On Wednesday, February 7 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by RBC Capital Markets on Thursday, November 9 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $123.0 target in Thursday, January 4 report. The company was maintained on Tuesday, August 15 by Oppenheimer. Stephens maintained the stock with “Equal-Weight” rating in Thursday, August 27 report. The firm has “Hold” rating given on Monday, February 5 by Stephens. The stock of Jack Henry & Associates, Inc. (NASDAQ:JKHY) earned “Perform” rating by Oppenheimer on Wednesday, August 24.

Analysts await Jack Henry & Associates, Inc. (NASDAQ:JKHY) to report earnings on May, 1. They expect $0.86 EPS, up 11.69% or $0.09 from last year’s $0.77 per share. JKHY’s profit will be $66.45 million for 35.55 P/E if the $0.86 EPS becomes a reality. After $0.80 actual EPS reported by Jack Henry & Associates, Inc. for the previous quarter, Wall Street now forecasts 7.50% EPS growth.

Since February 15, 2018, it had 1 insider buy, and 2 selling transactions for $869,608 activity. $119,398 worth of Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares were bought by Wilson Thomas Hampton Jr.. Forbis Mark S had sold 1,014 shares worth $124,910 on Friday, March 9.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.16, from 1.03 in 2017Q3. It fall, as 29 investors sold JKHY shares while 145 reduced holdings. 46 funds opened positions while 106 raised stakes. 61.80 million shares or 6.38% less from 66.01 million shares in 2017Q3 were reported. Wesbanco Bankshares holds 0.01% or 1,840 shares in its portfolio. Brown Advisory has invested 0% in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Principal Finance has 0.04% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Moreover, Huntington National Bank has 0% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Prudential Public Ltd Company reported 0% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Boston Private Wealth Ltd Com holds 0.01% or 2,230 shares in its portfolio. Apg Asset Nv has 0.02% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 87,400 shares. Thrivent For Lutherans invested in 16,843 shares or 0.01% of the stock. Korea Invest Corp has invested 0.01% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Twin Management has invested 0.41% of its portfolio in Jack Henry & Associates, Inc. (NASDAQ:JKHY). Bb&T Limited Liability Corp has 14,734 shares for 0.02% of their portfolio. Westpac Banking accumulated 46,210 shares. Sumitomo Mitsui Trust Hldg owns 0.04% invested in Jack Henry & Associates, Inc. (NASDAQ:JKHY) for 262,818 shares. Nordea Mgmt Ab has 2,466 shares for 0% of their portfolio. Teachers Retirement System Of The State Of Kentucky owns 16,640 shares or 0.02% of their US portfolio.

Great West Life Assurance Company, which manages about $42.47B US Long portfolio, upped its stake in Astec Inds Inc (NASDAQ:ASTE) by 152,280 shares to 178,368 shares, valued at $10.40 million in 2017Q4, according to the filing. It also increased its holding in International Business Machs (NYSE:IBM) by 23,016 shares in the quarter, for a total of 1.16M shares, and has risen its stake in New Oriental Ed & Tech Grp I (NYSE:EDU).

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: