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

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 firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jack Henry & Associates Stock Performance

JKHY stock traded up $0.75 on Wednesday, reaching $166.76. 480,872 shares of the company were exchanged, compared to its average volume of 481,513. Jack Henry & Associates, Inc. has a 12 month low of $160.23 and a 12 month high of $196.00. The stock's fifty day moving average price is $178.16 and its 200 day moving average price is $176.27. The firm has a market capitalization of $12.14 billion, a PE ratio of 28.41 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million for the quarter, compared to analyst estimates of $585.84 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Jack Henry & Associates's revenue was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's payout ratio is currently 39.52%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of institutional investors have recently bought and sold shares of JKHY. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Jack Henry & Associates by 19.1% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after buying an additional 765,441 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Jack Henry & Associates by 29.9% in the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Jack Henry & Associates by 19,937.4% in the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after purchasing an additional 464,941 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Jack Henry & Associates by 170.6% in the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after purchasing an additional 367,806 shares in the last quarter. Finally, RGM Capital LLC acquired a new stake in shares of Jack Henry & Associates in the 1st quarter valued at $58,951,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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