Insider Selling: Jack Henry & Associates, Inc. (NASDAQ:JKHY) Insider Sells $3,215,676.40 in Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction 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 completion of the transaction, the insider now directly owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $172.50 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $151.93 and a twelve month high of $189.63. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 3.25 and a beta of 0.63. The firm has a 50-day moving average of $179.20 and a two-hundred day moving average of $171.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm 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%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.39 earnings per share. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given 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 is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC raised its stake in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in shares of Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock valued at $39,000 after buying an additional 134 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Compass Point assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price target on the stock. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. UBS Group raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price target 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. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $188.73.

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.