Insider Buying: Jack Henry & Associates, Inc. (NASDAQ:JKHY) Director Purchases 1,000 Shares of Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) Director Laura G. Kelly purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average price of $145.29 per share, for a total transaction of $145,290.00. Following the acquisition, the director now owns 16,194 shares of the company’s stock, valued at $2,352,826.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $146.46 on Friday. The stock has a market cap of $10.69 billion, a P/E ratio of 30.39, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $170.02 and its two-hundred day moving average price is $180.22. Jack Henry & Associates, Inc. has a 1 year low of $139.28 and a 1 year high of $212.62.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The technology company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The business had revenue of $505.30 million for the quarter, compared to analyst estimates of $515.47 million. Jack Henry & Associates had a return on equity of 24.81% and a net margin of 17.66%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.30 EPS. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 4.82 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Wednesday, March 8th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 7th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.49. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.15%.

Institutional Investors Weigh In On Jack Henry & Associates

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Jack Henry & Associates by 1.5% during the third quarter. Vanguard Group Inc. now owns 8,800,903 shares of the technology company’s stock worth $1,604,141,000 after purchasing an additional 133,741 shares during the period. BlackRock Inc. raised its position in Jack Henry & Associates by 0.7% in the 3rd quarter. BlackRock Inc. now owns 7,456,260 shares of the technology company’s stock valued at $1,359,051,000 after buying an additional 49,073 shares during the last quarter. State Street Corp raised its position in Jack Henry & Associates by 0.3% in the 3rd quarter. State Street Corp now owns 3,177,564 shares of the technology company’s stock valued at $579,175,000 after buying an additional 10,492 shares during the last quarter. Morgan Stanley raised its position in Jack Henry & Associates by 117.1% in the 4th quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock valued at $300,155,000 after buying an additional 922,054 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Jack Henry & Associates by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,701,715 shares of the technology company’s stock valued at $298,358,000 after buying an additional 48,730 shares during the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JKHY shares. Stephens reiterated an “equal weight” rating and issued a $185.00 price target on shares of Jack Henry & Associates in a report on Wednesday, February 8th. UBS Group upgraded Jack Henry & Associates from a “neutral” rating to a “buy” rating and set a $184.00 price target on the stock in a report on Wednesday. StockNews.com assumed coverage on Jack Henry & Associates in a report on Thursday. They issued a “hold” rating on the stock. Robert W. Baird reduced their target price on Jack Henry & Associates from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, February 9th. Finally, Oppenheimer reduced their target price on Jack Henry & Associates from $191.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $180.22.

About Jack Henry & Associates

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.