Walker Asset Management LLC Cuts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Walker Asset Management LLC lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 237,985 shares of the technology company’s stock after selling 1,894 shares during the quarter. Jack Henry & Associates accounts for 25.7% of Walker Asset Management LLC’s holdings, making the stock its biggest holding. Walker Asset Management LLC owned approximately 0.33% of Jack Henry & Associates worth $41,719,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC lifted its holdings in shares of Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter worth $26,000. ORG Partners LLC purchased a new stake in shares of Jack Henry & Associates in the 4th quarter worth $35,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter worth $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Jack Henry & Associates in the 3rd quarter worth $54,000. Institutional investors own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. UBS Group upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a research note on Tuesday. They set an “underweight” rating and a $155.00 price objective for the company. Finally, 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $185.91.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Jack Henry & Associates Trading Up 0.4 %

Shares of NASDAQ:JKHY opened at $173.16 on Friday. The business’s 50-day moving average is $174.60 and its 200 day moving average is $173.87. 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 $12.63 billion, a P/E ratio of 31.71, a P/E/G ratio of 3.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The company had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. During the same period in the prior year, the company posted $1.39 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is currently 40.29%.

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.