Sanctuary Advisors LLC Has $4.58 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Sanctuary Advisors LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 8.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,551 shares of the technology company’s stock after selling 2,509 shares during the period. Sanctuary Advisors LLC’s holdings in Jack Henry & Associates were worth $4,580,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock valued at $702,039,000 after buying an additional 67,716 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company’s stock valued at $657,158,000 after purchasing an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Jack Henry & Associates by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company’s stock valued at $175,342,000 after purchasing an additional 23,617 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock valued at $152,495,000 after purchasing an additional 66,600 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock valued at $111,569,000 after purchasing an additional 19,846 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $179.80 on Monday. The stock has a market cap of $13.12 billion, a P/E ratio of 32.93, a PEG ratio of 3.37 and a beta of 0.61. The company’s 50-day simple moving average is $178.88 and its 200 day simple moving average is $172.12. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. 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 announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The company had revenue of $600.98 million for the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.39 earnings per share. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is presently 40.29%.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JKHY. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 price objective for the company. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Robert W. Baird lifted their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.