Jack Henry & Associates, Inc. (NASDAQ:JKHY) VP Stacey E. Zengel sold 1,013 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $152.31, for a total transaction of $154,290.03. Following the sale, the vice president now directly owns 938 shares of the company’s stock, valued at $142,866.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
JKHY traded down $0.29 during mid-day trading on Tuesday, hitting $150.15. The stock had a trading volume of 353,891 shares, compared to its average volume of 437,576. The stock’s fifty day simple moving average is $146.01 and its 200-day simple moving average is $141.39. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 3.60 and a beta of 0.90. Jack Henry & Associates, Inc. has a 1-year low of $120.20 and a 1-year high of $152.93.
Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The company had revenue of $438.00 million during the quarter, compared to analyst estimates of $420.34 million. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 3.68 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC boosted its holdings in shares of Jack Henry & Associates by 38.7% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 258 shares of the technology company’s stock valued at $34,000 after buying an additional 72 shares during the last quarter. TrinityPoint Wealth LLC grew its position in shares of Jack Henry & Associates by 4.3% in the 2nd quarter. TrinityPoint Wealth LLC now owns 1,888 shares of the technology company’s stock valued at $258,000 after acquiring an additional 77 shares during the period. CWM LLC increased its stake in shares of Jack Henry & Associates by 40.9% during the 3rd quarter. CWM LLC now owns 310 shares of the technology company’s stock worth $45,000 after purchasing an additional 90 shares during the last quarter. Advisor Partners LLC raised its holdings in shares of Jack Henry & Associates by 2.5% in the 3rd quarter. Advisor Partners LLC now owns 3,861 shares of the technology company’s stock valued at $564,000 after purchasing an additional 95 shares during the period. Finally, Colony Group LLC lifted its stake in Jack Henry & Associates by 0.6% in the 3rd quarter. Colony Group LLC now owns 15,179 shares of the technology company’s stock valued at $2,216,000 after purchasing an additional 96 shares during the last quarter. 91.34% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on JKHY. ValuEngine upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Atlantic Securities assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 target price for the company. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Thursday, November 7th. Finally, BidaskClub raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $152.20.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.
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