Hilltop National Bank Cuts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Hilltop National Bank reduced its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 585 shares of the technology company’s stock after selling 66 shares during the period. Hilltop National Bank’s holdings in Jack Henry & Associates were worth $103,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Jack Henry & Associates by 5.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,442 shares of the technology company’s stock worth $1,314,000 after buying an additional 366 shares during the period. ORG Partners LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $35,000. Fortitude Family Office LLC grew its stake in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares in the last quarter. Canandaigua National Trust Co of Florida acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $297,000. Finally, Pensionfund Sabic acquired a new stake in shares of Jack Henry & Associates during the fourth quarter valued at about $1,315,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Stock Performance

JKHY opened at $172.00 on Friday. The business’s 50 day moving average is $175.53 and its 200-day moving average is $173.63. The stock has a market cap of $12.55 billion, a PE ratio of 31.50, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. 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 twelve month low of $157.00 and a twelve month high of $189.63.

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

Jack Henry & Associates Dividend Announcement

The business also recently disclosed 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 1.28%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 7th. Oppenheimer started coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. Royal Bank of Canada lifted their price target 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. Robert W. Baird lifted their price target 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. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and an average target price of $189.00.

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.