Jack Henry & Associates, Inc. (NASDAQ:JKHY) Insider Sells $3,215,676.40 in Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) insider David B. Foss sold 18,770 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jack Henry & Associates Stock Performance

JKHY stock opened at $172.50 on Friday. The company has a market capitalization of $12.59 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates, Inc. has a one year low of $151.93 and a one year high of $189.63. The company’s 50 day moving average price is $179.27 and its two-hundred day moving average price is $171.18.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter last year, the company earned $1.39 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Hedge Funds Weigh In On Jack Henry & Associates

A number of large investors have recently bought and sold shares of JKHY. Coldstream Capital Management Inc. purchased a new stake in shares of Jack Henry & Associates during the third quarter valued at approximately $279,000. Goodman Advisory Group LLC raised its holdings in Jack Henry & Associates by 6.5% during the 3rd quarter. Goodman Advisory Group LLC now owns 14,778 shares of the technology company’s stock valued at $2,609,000 after buying an additional 902 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Jack Henry & Associates by 11.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 21,228 shares of the technology company’s stock valued at $3,748,000 after buying an additional 2,107 shares during the period. MML Investors Services LLC grew its holdings in Jack Henry & Associates by 5.3% in the 3rd quarter. MML Investors Services LLC now owns 22,360 shares of the technology company’s stock worth $3,947,000 after acquiring an additional 1,130 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Jack Henry & Associates by 84.7% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,632 shares of the technology company’s stock worth $465,000 after acquiring an additional 1,207 shares during the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on JKHY shares. William Blair cut shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. UBS Group lifted their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Compass Point began coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective on the stock. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $188.73.

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.