David B. Foss Sells 18,770 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $172.50 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $151.93 and a 1 year high of $189.63. 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 business has a fifty day moving average price of $179.27 and a two-hundred day moving average price of $171.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

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

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Institutional Trading of Jack Henry & Associates

Several hedge funds have recently made changes to their positions in JKHY. Acadian Asset Management LLC raised its stake in Jack Henry & Associates by 943.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,659 shares of the technology company’s stock valued at $287,000 after acquiring an additional 1,500 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Jack Henry & Associates by 569.9% in the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 5,146 shares during the period. Shell Asset Management Co. lifted its stake in shares of Jack Henry & Associates by 20.7% during the 1st quarter. Shell Asset Management Co. now owns 9,874 shares of the technology company’s stock valued at $1,715,000 after buying an additional 1,696 shares in the last quarter. Capital International Investors boosted its holdings in Jack Henry & Associates by 0.5% in the 1st quarter. Capital International Investors now owns 168,979 shares of the technology company’s stock worth $29,357,000 after buying an additional 910 shares during the period. Finally, Toronto Dominion Bank grew its stake in Jack Henry & Associates by 2.1% in the 1st quarter. Toronto Dominion Bank now owns 41,586 shares of the technology company’s stock valued at $7,225,000 after buying an additional 873 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JKHY has been the topic of several research reports. Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. 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 report on Thursday, November 7th. Finally, UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $188.73.

About Jack Henry & Associates

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.