Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,844 shares of the technology company’s stock after selling 155 shares during the period. Savant Capital LLC’s holdings in Jack Henry & Associates were worth $1,550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC raised its holdings in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates during the third quarter worth $26,000. ORG Partners LLC purchased a new position in shares of Jack Henry & Associates during the fourth quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates during the third quarter worth $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates during the third quarter worth $54,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JKHY has been the subject of several recent research reports. Royal Bank of Canada raised their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective 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. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, UBS Group lifted their price objective 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $186.80.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were 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. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Stock Up 0.2 %

JKHY stock opened at $170.47 on Friday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 30.77, a P/E/G ratio of 3.46 and a beta of 0.61. The firm has a 50-day simple moving average of $174.60 and a 200-day simple moving average of $174.89. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates’s payout ratio is presently 39.71%.

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.