Insider Selling: Jack Henry & Associates, Inc. (NASDAQ:JKHY) Insider Sells 18,770 Shares of Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) 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 transaction of $3,215,676.40. Following 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 SEC, which can be accessed through this link.

Jack Henry & Associates Price Performance

JKHY stock opened at $172.50 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $151.93 and a fifty-two week high of $189.63. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 3.25 and a beta of 0.63. The business’s 50 day moving average price is $179.20 and its two-hundred day moving average price is $171.23. 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 (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same period in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, 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. Investors of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is 40.29%.

Analyst Ratings Changes

Several brokerages have commented on JKHY. Stephens reaffirmed an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Oppenheimer started coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. Compass Point started coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target for the company. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $188.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JKHY. Acadian Asset Management LLC boosted its position in shares of Jack Henry & Associates by 943.4% during the first quarter. Acadian Asset Management LLC now owns 1,659 shares of the technology company’s stock valued at $287,000 after buying an additional 1,500 shares during the period. UniSuper Management Pty Ltd grew its holdings in Jack Henry & Associates by 569.9% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,049 shares of the technology company’s stock worth $1,051,000 after acquiring an additional 5,146 shares in the last quarter. Shell Asset Management Co. increased its position in Jack Henry & Associates by 20.7% during the 1st 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 during the period. Capital International Investors raised its holdings in shares of Jack Henry & Associates by 0.5% in the 1st 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 lifted its position in shares of Jack Henry & Associates by 2.1% in the 1st quarter. Toronto Dominion Bank now owns 41,586 shares of the technology company’s stock worth $7,225,000 after purchasing an additional 873 shares during the period. 98.75% of the stock is currently owned by institutional investors.

About Jack Henry & Associates

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.