Jack Henry & Associates, Inc. (NASDAQ:JKHY) CFO Kevin D. Williams Sells 9,453 Shares

Jack Henry & Associates, Inc. (NASDAQ:JKHY) CFO Kevin D. Williams sold 9,453 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $167.35, for a total value of $1,581,959.55. Following the completion of the transaction, the chief financial officer now directly owns 26,100 shares of the company’s stock, valued at $4,367,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of JKHY stock opened at $172.08 on Friday. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 47.02, a PEG ratio of 3.74 and a beta of 0.88. The stock has a 50 day simple moving average of $152.14 and a 200-day simple moving average of $146.66. Jack Henry & Associates, Inc. has a 1-year low of $129.22 and a 1-year high of $172.18.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.05. The business had revenue of $419.12 million during the quarter, compared to the consensus estimate of $409.85 million. Jack Henry & Associates had a return on equity of 19.37% and a net margin of 17.27%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, February 28th. Jack Henry & Associates’s dividend payout ratio is presently 45.45%.

Several hedge funds have recently made changes to their positions in JKHY. Parnassus Investments CA raised its stake in shares of Jack Henry & Associates by 75.1% during the 3rd quarter. Parnassus Investments CA now owns 947,472 shares of the technology company’s stock worth $138,302,000 after buying an additional 406,463 shares during the period. BlackRock Inc. increased its position in shares of Jack Henry & Associates by 3.2% during the second quarter. BlackRock Inc. now owns 7,898,053 shares of the technology company’s stock worth $1,057,706,000 after purchasing an additional 247,051 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Jack Henry & Associates by 5,804.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 205,308 shares of the technology company’s stock worth $29,907,000 after purchasing an additional 201,831 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Jack Henry & Associates by 24.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 570,269 shares of the technology company’s stock worth $83,071,000 after purchasing an additional 112,689 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $14,511,000. 90.52% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on JKHY shares. Zacks Investment Research raised Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Tuesday, January 7th. BidaskClub raised Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. ValuEngine downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th. Robert W. Baird upped their target price on Jack Henry & Associates from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, DA Davidson upped their target price on Jack Henry & Associates from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $152.14.

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.

Featured Article: Municipal Bonds

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

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.