Jack Henry & Associates (NASDAQ:JKHY) Sets New 12-Month Low - Time to Sell?

Key Points

• Jack Henry & Associates (NASDAQ:JKHY) shares hit a new 52-week low at $159.43, following a significant drop from a previous close of $161.56.
• Analyst ratings show a mixed sentiment, with one sell rating, eight hold ratings, and three buy ratings, resulting in a consensus rating of "Hold" and an average price target of $185.11.
• Institutional investors hold 98.75% of the company’s stock, indicating strong institutional confidence, despite recent fluctuations in stock performance.

Jack Henry & Associates, Inc. (NASDAQ:JKHY - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $159.52 and last traded at $159.43, with a volume of 60225 shares traded. The stock had previously closed at $161.56.

Analyst Ratings Changes

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

Jack Henry & Associates Stock Performance

The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 26.94 and a beta of 0.73. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $177.46 and a 200 day moving average price of $176.15.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was 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 $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Institutional Investors Weigh In On Jack Henry & Associates

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates in the first quarter valued at approximately $26,000. Hantz Financial Services Inc. purchased a new stake in Jack Henry & Associates in the second quarter valued at approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates during the first quarter worth approximately $38,000. Private Trust Co. NA raised 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 worth $39,000 after purchasing an additional 71 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

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.

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