Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Doliver Advisors LP

Doliver Advisors LP reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the technology company’s stock after selling 100 shares during the period. Doliver Advisors LP’s holdings in Jack Henry & Associates were worth $701,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in JKHY. Commonwealth Equity Services LLC grew its holdings in Jack Henry & Associates by 11.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,848 shares of the technology company’s stock valued at $1,469,000 after buying an additional 900 shares in the last quarter. National Bank of Canada FI increased its position in Jack Henry & Associates by 24.2% during the second quarter. National Bank of Canada FI now owns 19,984 shares of the technology company’s stock worth $3,267,000 after purchasing an additional 3,895 shares during the last quarter. Private Advisor Group LLC increased its position in Jack Henry & Associates by 73.7% during the second quarter. Private Advisor Group LLC now owns 4,653 shares of the technology company’s stock worth $772,000 after purchasing an additional 1,975 shares during the last quarter. Savant Capital LLC raised its stake in Jack Henry & Associates by 568.6% during the second quarter. Savant Capital LLC now owns 8,952 shares of the technology company’s stock worth $1,486,000 after purchasing an additional 7,613 shares during the period. Finally, Advisor OS LLC boosted its holdings in Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock valued at $1,100,000 after purchasing an additional 65 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Down 2.0 %

JKHY traded down $3.54 during trading hours on Monday, hitting $170.16. 224,359 shares of the company’s stock were exchanged, compared to its average volume of 336,556. The firm has a market cap of $12.41 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 3.39 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 company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $176.61 and a 200 day moving average of $173.46.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 earnings per share. Analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates’s payout ratio is 40.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $189.00.

Insider Activity at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.37% of the stock is owned by corporate insiders.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.