1,196 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Purchased by Aureus Asset Management LLC

Aureus Asset Management LLC purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,196 shares of the technology company’s stock, valued at approximately $211,000.

Several other large investors have also recently added to or reduced their stakes in JKHY. Tortoise Investment Management LLC raised its stake in shares of Jack Henry & Associates by 76.3% in the second quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. boosted its stake in Jack Henry & Associates by 148.9% in the second quarter. Blue Trust Inc. now owns 224 shares of the technology company’s stock worth $39,000 after purchasing an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates in the third quarter worth $48,000. International Assets Investment Management LLC bought a new stake in shares of Jack Henry & Associates during the second quarter worth $63,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Jack Henry & Associates in the third quarter valued at $68,000. 98.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JKHY. Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. UBS Group boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird increased their price objective on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $188.73.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Trading Down 0.3 %

NASDAQ:JKHY opened at $175.66 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $189.63. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 3.32 and a beta of 0.61. The business’s 50-day moving average price is $179.09 and its two-hundred day moving average price is $171.56.

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

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

Jack Henry & Associates Company 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.