Strengthening Families & Communities LLC Purchases 10,703 Shares of Jack Henry & Associates, Inc. $JKHY

Strengthening Families & Communities LLC increased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1,887.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,270 shares of the technology company’s stock after buying an additional 10,703 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Jack Henry & Associates were worth $1,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. bought a new stake in shares of Jack Henry & Associates in the 2nd quarter worth approximately $27,000. Quent Capital LLC bought a new stake in Jack Henry & Associates in the third quarter worth $33,000. CYBER HORNET ETFs LLC purchased a new stake in Jack Henry & Associates during the second quarter valued at about $35,000. Private Trust Co. NA grew its stake in shares of Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Jack Henry & Associates in the second quarter worth about $39,000. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JKHY has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on shares of Jack Henry & Associates from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Royal Bank Of Canada upgraded shares of Jack Henry & Associates from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $185.00 to $210.00 in a report on Tuesday, December 16th. Raymond James Financial raised shares of Jack Henry & Associates from a “market perform” rating to a “strong-buy” rating and set a $198.00 price target for the company in a research report on Thursday, November 20th. Finally, DA Davidson set a $216.00 price objective on shares of Jack Henry & Associates in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Moderate Buy” and an average price target of $199.73.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $179.18 on Tuesday. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The firm has a market capitalization of $12.97 billion, a P/E ratio of 27.23, a P/E/G ratio of 3.08 and a beta of 0.71. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $183.48 and a two-hundred day simple moving average of $168.48.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.86% and a return on equity of 23.11%. The company had revenue of $636.11 million during the quarter, compared to analyst estimates of $634.42 million. During the same period last year, the business earned $1.63 EPS. Jack Henry & Associates’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 2nd were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is 35.26%.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 20,000 shares of Jack Henry & Associates stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the completion of the transaction, the director owned 128,133 shares of the company’s stock, valued at $22,413,024.36. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shanon G. Mclachlan sold 227 shares of Jack Henry & Associates stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the completion of the transaction, the chief operating officer directly owned 1,420 shares of the company’s stock, valued at $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by company insiders.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.