Weybosset Research & Management LLC Sells 310 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Weybosset Research & Management LLC cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,953 shares of the technology company’s stock after selling 310 shares during the period. Jack Henry & Associates accounts for approximately 0.7% of Weybosset Research & Management LLC’s holdings, making the stock its 24th biggest holding. Weybosset Research & Management LLC’s holdings in Jack Henry & Associates were worth $2,095,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC bought a new position in Jack Henry & Associates in the second quarter valued at approximately $25,000. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% in the 4th 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 acquired a new stake in shares of Jack Henry & Associates during the third quarter worth $26,000. ORG Partners LLC bought a new stake in Jack Henry & Associates in the fourth quarter valued at about $35,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates in the third quarter valued at about $48,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Insider Activity at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Stock Down 1.0 %

Shares of JKHY stock traded down $1.78 during trading on Friday, reaching $171.67. The company’s stock had a trading volume of 92,538 shares, compared to its average volume of 414,543. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The business has a fifty day moving average price of $175.75 and a 200-day moving average price of $173.60. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 31.44, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results 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. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the firm posted $1.39 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JKHY. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped 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. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, UBS Group increased their target price 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. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $189.00.

Jack Henry & Associates Company Profile

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.