Silver Lake Advisory LLC Sells 1,007 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Silver Lake Advisory LLC lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,073 shares of the technology company’s stock after selling 1,007 shares during the period. Jack Henry & Associates comprises approximately 2.4% of Silver Lake Advisory LLC’s holdings, making the stock its 11th largest position. Silver Lake Advisory LLC’s holdings in Jack Henry & Associates were worth $5,447,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of JKHY. Fortitude Family Office LLC lifted its holdings in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the 3rd quarter valued at $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the 4th quarter worth $35,000. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $48,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jack Henry & Associates during the third quarter valued at about $54,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $174.12 on Friday. The firm has a market capitalization of $12.70 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.27 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a 50-day moving average price of $174.44 and a 200-day moving average price of $174.15. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

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

Jack Henry & Associates Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on JKHY shares. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 target price on the stock. Stephens reiterated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Company Profile

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.