David B. Foss Sells 5,780 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock

Key Points

• David B. Foss, Director of Jack Henry & Associates, sold 5,780 shares of stock averaging $167.28, totaling approximately $966,878, reducing his ownership by 3.98% to 139,265 shares.
• Jack Henry & Associates reported a net margin of 18.50% and a return on equity of 22.07% with a revenue of $585.09 million for the last quarter.
• The company declared a quarterly dividend of $0.58 per share, yielding 1.4%, as part of its financial strategy to return value to shareholders.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jack Henry & Associates Trading Down 1.5%

Jack Henry & Associates stock traded down $2.53 during midday trading on Friday, reaching $161.56. 885,112 shares of the stock traded hands, compared to its average volume of 509,686. The company has a 50-day simple moving average of $177.46 and a two-hundred day simple moving average of $176.13. Jack Henry & Associates, Inc. has a 12-month low of $160.23 and a 12-month high of $196.00. The firm has a market cap of $11.76 billion, a PE ratio of 27.52 and a beta of 0.73. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Jack Henry & Associates

A number of hedge funds and other institutional investors have recently bought and sold shares of JKHY. Summit Securities Group LLC purchased a new position in Jack Henry & Associates during the 1st quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates in the 1st quarter valued at about $38,000. Private Trust Co. NA raised its position in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company's stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after acquiring an additional 149 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JKHY shares. UBS Group cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $185.11.

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.