Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) CEO David B. Foss sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $188.11, for a total transaction of $3,009,760.00. Following the transaction, the chief executive officer now owns 106,099 shares in the company, valued at approximately $19,958,282.89. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Jack Henry & Associates Price Performance
Shares of JKHY opened at $190.06 on Thursday. The stock has a market capitalization of $13.86 billion, a P/E ratio of 37.86, a P/E/G ratio of 4.26 and a beta of 0.66. Jack Henry & Associates, Inc. has a twelve month low of $147.50 and a twelve month high of $212.62. The company has a 50 day moving average of $186.41 and a 200-day moving average of $189.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.17.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The technology company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Jack Henry & Associates had a return on equity of 26.99% and a net margin of 18.51%. The company had revenue of $529.20 million during the quarter, compared to the consensus estimate of $529.86 million. During the same quarter in the prior year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Jack Henry & Associates, Inc. will post 4.93 EPS for the current fiscal year.
Jack Henry & Associates Dividend Announcement
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on JKHY shares. Evercore ISI cut their target price on shares of Jack Henry & Associates to $170.00 in a research report on Tuesday, November 15th. Oppenheimer cut their target price on shares of Jack Henry & Associates from $197.00 to $191.00 in a research report on Thursday, November 10th. StockNews.com assumed coverage on shares of Jack Henry & Associates in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada lowered their target price on Jack Henry & Associates from $199.00 to $193.00 and set a “sector perform” rating for the company in a research note on Thursday, November 10th. Finally, Morgan Stanley lowered their target price on Jack Henry & Associates from $190.00 to $185.00 and set an “equal weight” rating for the company in a research note on Thursday, August 18th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $186.17.
Institutional Investors Weigh In On Jack Henry & Associates
Several hedge funds have recently added to or reduced their stakes in the business. Clear Street Markets LLC lifted its holdings in shares of Jack Henry & Associates by 390.3% during the second quarter. Clear Street Markets LLC now owns 152 shares of the technology company’s stock worth $27,000 after buying an additional 121 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Jack Henry & Associates in the second quarter worth $27,000. Credit Agricole S A bought a new position in Jack Henry & Associates in the second quarter valued at about $29,000. CX Institutional bought a new position in Jack Henry & Associates in the second quarter valued at about $35,000. Finally, Hanseatic Management Services Inc. grew its holdings in shares of Jack Henry & Associates by 73.7% during the third quarter. Hanseatic Management Services Inc. now owns 205 shares of the technology company’s stock worth $37,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.
About Jack Henry & Associates
Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset 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.
- Get a free copy of the StockNews.com research report on Jack Henry & Associates (JKHY)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Jack Henry & Associates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack Henry & Associates and related companies with MarketBeat.com's FREE daily email newsletter.