Toews Corp ADV cut its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the technology company’s stock after selling 700 shares during the period. Toews Corp ADV’s holdings in Jack Henry & Associates were worth $1,094,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in JKHY. Fairfield Bush & CO. acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $104,000. American Century Companies Inc. grew its stake in shares of Jack Henry & Associates by 36.3% in the 1st quarter. American Century Companies Inc. now owns 6,383 shares of the technology company’s stock valued at $1,258,000 after buying an additional 1,701 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $208,000. D.A. Davidson & CO. acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at about $225,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Jack Henry & Associates by 4.9% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,744 shares of the technology company’s stock valued at $1,920,000 after buying an additional 451 shares during the period. 90.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO David B. Foss sold 16,000 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $188.11, for a total value of $3,009,760.00. Following the sale, the chief executive officer now owns 106,099 shares of the company’s stock, valued at approximately $19,958,282.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on JKHY. Evercore ISI dropped their price target on shares of Jack Henry & Associates to $170.00 in a research report on Tuesday, November 15th. Oppenheimer dropped their price target on shares of Jack Henry & Associates from $197.00 to $191.00 in a research report on Thursday, November 10th. William Blair began coverage on shares of Jack Henry & Associates in a research report on Wednesday. They issued an “outperform” rating on the stock. DA Davidson dropped their price target on shares of Jack Henry & Associates to $198.00 in a research report on Tuesday, November 15th. Finally, StockNews.com began coverage on shares of Jack Henry & Associates in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $186.17.
Jack Henry & Associates Price Performance
Jack Henry & Associates stock opened at $181.76 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $155.44 and a 52 week high of $212.62. The company’s 50 day moving average price is $181.37 and its two-hundred day moving average price is $189.33. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.17. The stock has a market cap of $13.26 billion, a P/E ratio of 36.21, a P/E/G ratio of 4.10 and a beta of 0.65.
Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last posted its earnings results on Tuesday, November 8th. The technology company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.38 by $0.08. The firm had revenue of $529.20 million for the quarter, compared to analysts’ expectations of $529.86 million. Jack Henry & Associates had a net margin of 18.51% and a return on equity of 26.99%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.38 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 4.93 earnings per share for the current year.
Jack Henry & Associates Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were issued a $0.49 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.08%. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.04%.
Jack Henry & Associates Company Profile
Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology and services that reduce the barriers to financial health. 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.
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