Silver Lake Advisory LLC Sells 1,007 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Silver Lake Advisory LLC reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,073 shares of the technology company’s stock after selling 1,007 shares during the period. Jack Henry & Associates accounts for about 2.4% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 11th largest holding. Silver Lake Advisory LLC’s holdings in Jack Henry & Associates were worth $5,447,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. State Street Corp boosted its position in shares of Jack Henry & Associates by 1.7% in the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company’s stock worth $702,039,000 after purchasing an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after acquiring an additional 131,515 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Jack Henry & Associates by 8.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company’s stock worth $152,495,000 after purchasing an additional 66,600 shares during the last quarter. Nordea Investment Management AB boosted its stake in Jack Henry & Associates by 50.8% in the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after purchasing an additional 263,021 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Jack Henry & Associates by 3.2% during the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company’s stock valued at $111,569,000 after purchasing an additional 19,846 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Stephens reissued an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $186.80.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s 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 completion of the sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Stock Up 0.3 %

JKHY stock opened at $174.12 on Friday. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 31.89, a P/E/G ratio of 3.27 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day moving average is $174.44 and its two-hundred day moving average is $174.15. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.39 EPS. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.81 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. Stockholders of record on Monday, December 2nd were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates’s dividend payout ratio (DPR) is 40.29%.

Jack Henry & Associates Company 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.