Canandaigua National Trust Co of Florida Makes New Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Canandaigua National Trust Co of Florida acquired a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,693 shares of the technology company’s stock, valued at approximately $297,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC lifted its position in Jack Henry & Associates by 3.6% during the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after purchasing an additional 54 shares during the period. Bridges Investment Management Inc. lifted its position in Jack Henry & Associates by 1.7% during the third quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock valued at $575,000 after purchasing an additional 55 shares during the period. D.A. Davidson & CO. lifted its position in Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after purchasing an additional 61 shares during the period. Advisor OS LLC lifted its position in Jack Henry & Associates by 1.0% during the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the period. Finally, UMB Bank n.a. lifted its position in Jack Henry & Associates by 0.6% during the third quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock valued at $1,919,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates 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 completion of the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY traded down $4.07 during trading on Monday, hitting $169.63. 516,837 shares of the company traded hands, compared to its average volume of 437,231. The company has a market cap of $12.38 billion, a PE ratio of 31.07, a P/E/G ratio of 3.39 and a beta of 0.61. The stock’s 50-day simple moving average is $176.61 and its two-hundred day simple moving average is $173.46. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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 business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period last year, the company posted $1.39 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. UBS Group increased their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer began coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised 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 research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates 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.