Kolinsky Wealth Management LLC Increases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Kolinsky Wealth Management LLC lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 7.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,459 shares of the technology company’s stock after purchasing an additional 96 shares during the period. Kolinsky Wealth Management LLC’s holdings in Jack Henry & Associates were worth $258,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. lifted its position in shares of Jack Henry & Associates by 148.9% in the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing 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. International Assets Investment Management LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $63,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $68,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insider Transactions at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction on Tuesday, November 19th. The shares were 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 represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JKHY. Compass Point began coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. 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. Oppenheimer began coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective for the company. Finally, Stephens reiterated an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and an average price target of $188.73.

Jack Henry & Associates Trading Up 1.3 %

Shares of Jack Henry & Associates stock opened at $176.18 on Friday. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.28 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12-month low of $154.77 and a 12-month high of $189.63. The firm’s 50 day simple moving average is $179.07 and its two-hundred day simple moving average is $171.45. 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 released its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The firm 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%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. 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. Stockholders of record on Monday, December 2nd will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. Jack Henry & Associates’s payout ratio is currently 40.29%.

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.