Crossmark Global Holdings Inc. Sells 3,945 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Crossmark Global Holdings Inc. cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 30.4% during the 4th quarter, Holdings Channel reports. The fund owned 9,028 shares of the technology company’s stock after selling 3,945 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jack Henry & Associates were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC raised its position in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $26,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates during the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $48,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $54,000. 98.75% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Stock Performance

Shares of NASDAQ:JKHY opened at $174.12 on Friday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $189.63. The stock has a market capitalization of $12.70 billion, a P/E ratio of 31.89, a PEG ratio of 3.29 and a beta of 0.61. The firm has a fifty day simple moving average of $174.44 and a two-hundred day simple moving average of $174.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same period last year, the company posted $1.39 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analyst Ratings Changes

Several analysts have recently commented on JKHY shares. Oppenheimer started coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price objective on the stock. UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.80.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.