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

Jack Henry & Associates, Inc. (NASDAQ:JKHY) insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jack Henry & Associates Stock Up 0.2 %

Shares of NASDAQ JKHY traded up $0.38 during mid-day trading on Friday, hitting $172.88. 91,469 shares of the stock traded hands, compared to its average volume of 453,577. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Jack Henry & Associates, Inc. has a 52 week low of $151.93 and a 52 week high of $189.63. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.23 and a beta of 0.63. The stock has a fifty day moving average price of $179.27 and a 200-day moving average price of $171.18.

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

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JKHY. Strategic Financial Concepts LLC purchased a new stake in Jack Henry & Associates during the second quarter valued at $25,000. Tortoise Investment Management LLC increased its position in Jack Henry & Associates by 76.3% during the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in Jack Henry & Associates during the first quarter valued at about $30,000. Blue Trust Inc. grew its holdings in Jack Henry & Associates by 148.9% during the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after purchasing an additional 134 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in Jack Henry & Associates during the third quarter valued at about $48,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JKHY shares. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Oppenheimer initiated coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Finally, Compass Point initiated coverage on Jack Henry & Associates in a report on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $188.73.

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.