Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHYFree Report) by 51.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969 shares of the technology company’s stock after selling 1,031 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Jack Henry & Associates were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Jack Henry & Associates during the second quarter worth about $27,000. NBC Securities Inc. purchased a new stake in Jack Henry & Associates in the 3rd quarter worth approximately $30,000. KB Financial Partners LLC acquired a new position in Jack Henry & Associates in the 1st quarter valued at $52,000. State of Wyoming lifted its stake in shares of Jack Henry & Associates by 6,800.0% during the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock worth $61,000 after purchasing an additional 340 shares during the period. Finally, Fairfield Bush & CO. acquired a new stake in shares of Jack Henry & Associates during the second quarter worth $69,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $175.93 on Friday. The firm’s fifty day simple moving average is $166.25 and its 200 day simple moving average is $158.29. The company has a current ratio of 0.41, a quick ratio of 1.20 and a debt-to-equity ratio of 0.15. Jack Henry & Associates, Inc. has a twelve month low of $136.57 and a twelve month high of $176.10. The firm has a market capitalization of $12.81 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.12 and a beta of 0.65.

Jack Henry & Associates (NASDAQ:JKHYGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The company had revenue of $545.70 million for the quarter, compared to analysts’ expectations of $540.34 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 30th. Jack Henry & Associates’s dividend payout ratio is presently 40.70%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JKHY. TheStreet upgraded Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. UBS Group reiterated a “neutral” rating and set a $165.00 price objective on shares of Jack Henry & Associates in a report on Friday, October 20th. Oppenheimer lowered their target price on shares of Jack Henry & Associates from $180.00 to $168.00 and set an “outperform” rating for the company in a report on Wednesday, October 18th. Citigroup started coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They set a “neutral” rating and a $177.00 price target on the stock. Finally, William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $170.92.

Check Out Our Latest Research Report on JKHY

Insider Buying and Selling at Jack Henry & Associates

In other news, SVP Stacey E. Zengel sold 326 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $165.10, for a total value of $53,822.60. Following the completion of the transaction, the senior vice president now directly owns 5,410 shares in the company, valued at $893,191. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by corporate insiders.

About Jack Henry & Associates

(Free Report)

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.

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Institutional Ownership by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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