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 firm’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 sale, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jack Henry & Associates Price Performance

JKHY traded up $0.38 during midday trading on Friday, reaching $172.88. 91,469 shares of the company’s stock were exchanged, compared to its average volume of 453,577. 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 simple moving average of $179.27 and a two-hundred day simple moving average of $171.18. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.63. Jack Henry & Associates, Inc. has a one year low of $151.93 and a one year high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the company earned $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JKHY shares. Oppenheimer began coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Robert W. Baird raised their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group lifted their price objective 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. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Stephens reiterated an “equal weight” rating and issued a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $188.73.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in shares of Jack Henry & Associates by 943.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,659 shares of the technology company’s stock valued at $287,000 after purchasing an additional 1,500 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in shares of Jack Henry & Associates by 569.9% during the first quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock worth $1,051,000 after buying an additional 5,146 shares in the last quarter. Shell Asset Management Co. raised its stake in Jack Henry & Associates by 20.7% in the first quarter. Shell Asset Management Co. now owns 9,874 shares of the technology company’s stock valued at $1,715,000 after purchasing an additional 1,696 shares in the last quarter. Capital International Investors raised its stake in Jack Henry & Associates by 0.5% in the first quarter. Capital International Investors now owns 168,979 shares of the technology company’s stock valued at $29,357,000 after purchasing an additional 910 shares in the last quarter. Finally, Toronto Dominion Bank raised its stake in Jack Henry & Associates by 2.1% during the first quarter. Toronto Dominion Bank now owns 41,586 shares of the technology company’s stock worth $7,225,000 after acquiring an additional 873 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

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.