Jack Henry & Associates, Inc. (NASDAQ:JKHY) CFO Kevin D. Williams Sells 9,453 Shares

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Jack Henry & Associates, Inc. (NASDAQ:JKHY) CFO Kevin D. Williams sold 9,453 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $167.35, for a total value of $1,581,959.55. Following the transaction, the chief financial officer now directly owns 26,100 shares in the company, valued at approximately $4,367,835. The transaction was disclosed in a filing with the SEC, which is available at this link.

JKHY stock opened at $172.08 on Friday. The firm has a market capitalization of $12.96 billion, a P/E ratio of 47.02, a P/E/G ratio of 3.74 and a beta of 0.88. The business’s 50-day moving average is $152.14 and its two-hundred day moving average is $146.66. Jack Henry & Associates, Inc. has a 1 year low of $129.22 and a 1 year high of $172.18.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.05. The company had revenue of $419.12 million for the quarter, compared to analyst estimates of $409.85 million. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. Jack Henry & Associates’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, equities analysts anticipate that Jack Henry & Associates, Inc. will post 3.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be given a $0.43 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.00%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.40. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 45.45%.

Several equities analysts recently issued reports on the company. Royal Bank of Canada reissued a “hold” rating and set a $162.00 target price on shares of Jack Henry & Associates in a research note on Monday, January 20th. DA Davidson increased their price target on Jack Henry & Associates from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. They noted that the move was a valuation call. BidaskClub raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Evercore ISI lowered Jack Henry & Associates from an “in-line” rating to an “underperform” rating in a research report on Wednesday, December 11th. Finally, Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $152.14.

A number of hedge funds have recently bought and sold shares of JKHY. BlackRock Inc. raised its position in shares of Jack Henry & Associates by 3.2% during the 2nd quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after acquiring an additional 247,051 shares in the last quarter. State Street Corp raised its position in shares of Jack Henry & Associates by 0.3% during the 4th quarter. State Street Corp now owns 3,585,892 shares of the technology company’s stock worth $522,357,000 after acquiring an additional 12,380 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 1.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,856,968 shares of the technology company’s stock worth $270,508,000 after acquiring an additional 29,029 shares in the last quarter. Parnassus Investments CA raised its position in shares of Jack Henry & Associates by 16.4% during the 4th quarter. Parnassus Investments CA now owns 1,103,281 shares of the technology company’s stock worth $160,715,000 after acquiring an additional 155,809 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Jack Henry & Associates by 12.6% during the 3rd quarter. California Public Employees Retirement System now owns 641,944 shares of the technology company’s stock worth $93,705,000 after buying an additional 72,062 shares during the last quarter. 90.52% of the stock is currently owned by institutional investors.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Insider Buying and Selling by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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