Kayne Anderson Rudnick Discloses Passive Stake in Jack Henry & Associates

TL;DR

**Kayne Anderson Rudnick just revealed a new passive stake in Jack Henry & Associates (JKHY).**

AI Summary

Kayne Anderson Rudnick Investment Management LLC, a California-based investment firm, has reported a significant passive ownership stake in Jack Henry & Associates Inc. (JKHY) as of December 31, 2023. This filing indicates that Kayne Anderson Rudnick now holds a substantial position in the financial technology company's common stock. This matters to investors because it signals a major institutional investor sees value in JKHY, potentially boosting confidence and attracting further investment, or it could simply be a routine disclosure of a long-held position.

Why It Matters

A large institutional investor like Kayne Anderson Rudnick taking a position can be seen as a vote of confidence in Jack Henry & Associates, potentially influencing other investors and the stock's perception.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate control changes or hostile actions.

Analyst Insight

Investors should note the presence of a new institutional holder, Kayne Anderson Rudnick, in Jack Henry & Associates. While this filing doesn't disclose the exact percentage or number of shares, it signals institutional interest. Smart investors might research Kayne Anderson Rudnick's investment philosophy and past performance to understand their rationale for this investment, and then evaluate JKHY's fundamentals to see if it aligns with their own investment strategy.

Key Players & Entities

• Kayne Anderson Rudnick Investment Management LLC (company) — the reporting person acquiring the shares
• JACK HENRY & ASSOCIATES INC (company) — the subject company whose shares were acquired
• December 31, 2023 (date) — the date of the event requiring the filing
• 426281101 (number) — CUSIP number for Jack Henry & Associates Inc. Common Stock

FAQ

Filing Documents

• fp0086862-30_sc13g.htm (SC 13G) — 43KB
• 0001398344-24-002792.txt ( ) — 45KB

If this statement is filed pursuant to §§240.13d-1(b)

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with §240.13d-1(b)(1)(ii)(J). CUSIP No. 426281101 13G Page 4 of 5 Pages

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,742,198 (b) Percent of class: 5.14% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,963,907 (ii) Shared power to vote or to direct the vote: 584,846 (iii) Sole power to dispose or to direct the disposition of: 3,157,352 (iv) Shared power to dispose or to direct the disposition of: 584,846

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] . Instruction . Dissolution of a group requires a response to this item. N/A

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person. N/A

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. N/A

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. N/A

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. N/A CUSIP No. 426281101 13G Page 5 of 5 Pages

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Kayne Anderson Rudnick Investment Management, LLC By: /s/ Michael Shoemaker Name: Michael Shoemaker Title: Chief Compliance Officer Date: February 13, 2024

View Full Filing

View this SC 13G filing on SEC EDGAR