Jack Henry & Associates (JKHY) Reaches New 52-Week High and Low at $130.85

Jack Henry & Associates, Inc. (NASDAQ:JKHY) shares reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $130.85 and last traded at $130.83, with a volume of 5166 shares trading hands. The stock had previously closed at $130.05.

Several research firms have recently issued reports on JKHY. Cantor Fitzgerald increased their price objective on shares of Jack Henry & Associates from $132.00 to $141.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. BidaskClub upgraded shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Friday, May 4th. Finally, ValuEngine upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Jack Henry & Associates currently has a consensus rating of “Buy” and an average target price of $123.33.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $9.97 billion, a PE ratio of 41.75, a P/E/G ratio of 3.36 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $384.70 million during the quarter, compared to analysts’ expectations of $376.41 million. Jack Henry & Associates had a net margin of 23.69% and a return on equity of 23.12%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. sell-side analysts expect that Jack Henry & Associates, Inc. will post 3.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Investors of record on Wednesday, May 23rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, May 22nd. Jack Henry & Associates’s payout ratio is 47.13%.

In related news, insider John F. Prim sold 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $127.28, for a total transaction of $1,005,512.00. Following the completion of the sale, the insider now directly owns 226,312 shares in the company, valued at $28,804,991.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin D. Williams sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $125.67, for a total transaction of $2,513,400.00. Following the sale, the insider now owns 23,314 shares of the company’s stock, valued at $2,929,870.38. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Suntrust Banks Inc. boosted its holdings in Jack Henry & Associates by 2.5% during the first quarter. Suntrust Banks Inc. now owns 18,803 shares of the technology company’s stock worth $2,274,000 after buying an additional 455 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Jack Henry & Associates by 1.2% during the first quarter. Allianz Asset Management GmbH now owns 55,618 shares of the technology company’s stock worth $6,727,000 after buying an additional 649 shares in the last quarter. Amalgamated Bank boosted its holdings in Jack Henry & Associates by 6.4% during the first quarter. Amalgamated Bank now owns 17,335 shares of the technology company’s stock worth $2,097,000 after buying an additional 1,050 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Jack Henry & Associates by 2.6% during the first quarter. Principal Financial Group Inc. now owns 341,828 shares of the technology company’s stock worth $41,344,000 after buying an additional 8,631 shares in the last quarter. Finally, CIBC World Markets Inc. bought a new stake in Jack Henry & Associates during the first quarter worth approximately $674,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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