Stiles Financial Services Inc Sells 75 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Stiles Financial Services Inc decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,428 shares of the technology company’s stock after selling 75 shares during the quarter. Stiles Financial Services Inc’s holdings in Jack Henry & Associates were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. Czech National Bank grew its stake in shares of Jack Henry & Associates by 6.9% during the 3rd quarter. Czech National Bank now owns 14,850 shares of the technology company’s stock valued at $2,622,000 after purchasing an additional 959 shares during the period. CWM LLC grew its position in Jack Henry & Associates by 7.9% during the third quarter. CWM LLC now owns 1,803 shares of the technology company’s stock valued at $318,000 after buying an additional 132 shares during the period. Wedmont Private Capital purchased a new stake in Jack Henry & Associates during the third quarter valued at approximately $208,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in Jack Henry & Associates by 600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 700 shares of the technology company’s stock worth $124,000 after acquiring an additional 600 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of Jack Henry & Associates by 5.2% during the 3rd quarter. Ritholtz Wealth Management now owns 2,612 shares of the technology company’s stock worth $461,000 after acquiring an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of several analyst reports. Robert W. Baird upped their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $186.80.

Insider Transactions at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated 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 in the company, valued at $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $173.81 on Monday. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 31.37, a P/E/G ratio of 3.46 and a beta of 0.61. The firm has a fifty day moving average price of $174.77 and a 200 day moving average price of $174.83. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s payout ratio is 39.71%.

Jack Henry & Associates 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.