Jack Henry & Associates, Inc. (NASDAQ:JKHY) VP Stacey E. Zengel Sells 1,013 Shares

Jack Henry & Associates, Inc. (NASDAQ:JKHY) VP Stacey E. Zengel sold 1,013 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $152.31, for a total transaction of $154,290.03. Following the sale, the vice president now owns 938 shares of the company’s stock, valued at approximately $142,866.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ JKHY opened at $150.15 on Wednesday. The stock has a market cap of $11.69 billion, a P/E ratio of 42.66, a P/E/G ratio of 3.60 and a beta of 0.90. The firm has a 50 day moving average price of $146.17 and a 200 day moving average price of $141.47. Jack Henry & Associates, Inc. has a 52-week low of $120.20 and a 52-week 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 for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $420.34 million. During the same period last year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates, Inc. will post 3.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, November 29th. Jack Henry & Associates’s payout ratio is presently 45.45%.

Several research firms have recently issued reports on JKHY. BidaskClub upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Tuesday. Atlantic Securities initiated coverage on Jack Henry & Associates in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $147.00 price objective for the company. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, November 7th. Finally, ValuEngine upgraded Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $152.20.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Jack Henry & Associates by 1.0% in the second quarter. Vanguard Group Inc. now owns 9,284,839 shares of the technology company’s stock worth $1,243,426,000 after acquiring an additional 92,261 shares in the last quarter. BlackRock Inc. grew its position in shares of Jack Henry & Associates by 3.2% in the 2nd quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock valued at $1,057,706,000 after purchasing an additional 247,051 shares during the period. State Street Corp grew its position in shares of Jack Henry & Associates by 1.0% in the 3rd quarter. State Street Corp now owns 3,573,512 shares of the technology company’s stock valued at $521,626,000 after purchasing an additional 33,864 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Jack Henry & Associates by 3.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,809,374 shares of the technology company’s stock worth $242,314,000 after purchasing an additional 62,225 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Jack Henry & Associates by 24.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,546,569 shares of the technology company’s stock worth $207,116,000 after purchasing an additional 306,167 shares in the last quarter. 91.34% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Company Profile

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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Insider Buying and Selling by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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