Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by UMB Bank n.a.

UMB Bank n.a. reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,673 shares of the technology company’s stock after selling 197 shares during the quarter. UMB Bank n.a.’s holdings in Jack Henry & Associates were worth $1,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JKHY. Fortitude Family Office LLC grew its position in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $26,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates in the fourth quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Jack Henry & Associates during the third quarter worth $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in Jack Henry & Associates during the third quarter valued at $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This 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 through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on JKHY. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Oppenheimer assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $173.16 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $174.52 and a 200 day moving average price of $174.08. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 3.24 and a beta of 0.61. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63.

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, topping the consensus estimate of $1.61 by $0.02. The business 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. Research analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

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.