1,693 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,693 shares of the technology company’s stock, valued at approximately $297,000.

A number of other large investors have also recently made changes to their positions in JKHY. Strategic Financial Concepts LLC bought a new stake in Jack Henry & Associates during the 2nd quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates during the 3rd quarter valued at about $26,000. Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates during the 3rd quarter valued at about $48,000. Point72 Asset Management L.P. bought a new stake in Jack Henry & Associates during the 3rd quarter valued at about $54,000. Finally, Exchange Traded Concepts LLC bought a new stake in Jack Henry & Associates during the 3rd quarter valued at about $68,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $4.07 during trading hours on Monday, hitting $169.63. 516,837 shares of the company were exchanged, compared to its average volume of 437,231. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 3.39 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day moving average price is $176.61 and its 200-day moving average price is $173.46.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The company had revenue of $600.98 million for 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%. Jack Henry & Associates’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on 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 directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JKHY shares. Stephens restated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $189.00.

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.