Forex
Swiss National Bank Increases Stake in Jack Henry & Associates
The Swiss National Bank has increased its stake in Jack Henry & Associates Inc. (NASDAQ:JKHY), a leading provider of technology solutions and payment processing services for the financial services industry.
In the first quarter, the bank acquired an additional 13,900 shares of JKHY, boosting its holdings by 7.0% to 212,400 shares.
The stake is worth approximately $33.57 million at the end of the reporting period, which accounts for about 0.29% of Jack Henry & Associates' outstanding stock.
This move comes as part of a larger trend in institutional investors purchasing stakes in the company, with hedge funds and other large investors owning around 98.75% of JKHY's shares.