Golden State Equity Partners Reduces Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Golden State Equity Partners lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 17.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,875 shares of the technology company’s stock after selling 405 shares during the quarter. Golden State Equity Partners’ holdings in Jack Henry & Associates were worth $329,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. V Square Quantitative Management LLC boosted its holdings in Jack Henry & Associates by 3.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after acquiring an additional 54 shares during the period. Bridges Investment Management Inc. boosted its holdings in Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after acquiring an additional 55 shares during the period. D.A. Davidson & CO. boosted its holdings in Jack Henry & Associates by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after acquiring an additional 61 shares during the period. UMB Bank n.a. boosted its holdings in Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after acquiring an additional 66 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Trading Up 0.4 %

Shares of NASDAQ:JKHY opened at $174.78 on Tuesday. The business’s 50-day moving average is $174.78 and its 200 day moving average is $174.65. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The firm has a market capitalization of $12.75 billion, a P/E ratio of 32.01, a P/E/G ratio of 3.47 and a beta of 0.61. 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 announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 earnings per share. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on JKHY shares. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird upped their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. 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 report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and an average target price of $186.80.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.