David B. Foss, the Chief Executive Officer of Jack Henry & Associates, Inc. (NASDAQ: JKHY), sold 16,000 shares of the company’s stock on Tuesday, November 22. At an average price of $188.11 per share, the stock could bring in a total of $3,009,760.00 when sold. The current worth of the CEO’s holdings in the company is around $19,958,282.89, and he currently possesses 106,099 shares. This information about the transaction was submitted to the Securities and Exchange Commission in the form of a filing, which can be found by following this link.
On Wednesday, November 9, Jack Henry & Associates (NASDAQ: JKHY) announced their earnings to the public. The information technology firm reported $1.46 per share earnings for the third quarter, which is $0.05 more than the average estimate of $1.41 per share. The return on equity for Jack Henry & Associates was 26.99%, and the net margin for the company was 18.51%. In comparison to the generally accepted forecast of $529.86 million, the actual revenue generated by the company for the quarter was $529.20 million. The previous year’s results showed that the company earned $1.38 per share. The company’s quarterly revenue rise was 8.4% higher when measured against the same quarter from the previous year. Sell-side analysts forecast that Jack Henry & Associates, Inc. will have $4.93 per share earnings during the current financial year.
In addition, the business has announced a new quarterly dividend, scheduled to be distributed on the 22nd of this month. Shareholders who are recorded as such as of Thursday, December 1, will be eligible to receive $0.49 dividend payments per share. The date that constitutes the ex-dividend date for this dividend is November 30. This translates into a dividend payment of $1.96 per year and a yield of 1.03%. In the case of Jack Henry & Associates, the payout ratio comes in at 39.04 percent.
During Wednesday’s lunchtime trade, JKHY had a rise of $1.12, bringing its price to $190.06. Three hundred seventeen thousand five hundred five shares were traded, which is lower than the daily average volume of 528,992 shares. The firm’s market capitalization is $13.86 billion; it has a price-to-earnings ratio of 37.64, a price-to-earnings-to-growth ratio of 4.26, and a beta value of 0.66. The stock has a simple moving average of $186.48 over the past 50 days and a simple moving average of $189.15 over the past 200 days. The price of a share of Jack Henry & Associates, Inc. has ranged from a low of $147.50 to a high of $212.62 over the past year. There is a 0.17 debt-to-equity ratio, 1.03 for the quick ratio, 1.03 for the current ratio, and 1.03 for the quick ratio.
Several different equity analysts have produced research papers on JKHY. Royal Bank of Canada lowered its price objective on Jack Henry & Associates from $199.00 to $193.00. It gave the stock a “sector perform” rating in a research report published on Thursday, November 10. DA The price target that Davidson has set for Jack Henry & Associates has been lowered to $198.00, as stated in a research report published on Tuesday, November 15. A research report on Jack Henry & Associates was made available on StockNews.com on October 12, the day it was released. They recommended that investors “hold on” to the shares. Evercore ISI lowered its price objective on Jack Henry & Associates to $170.00 in a report published on Tuesday, November 15. The report was issued.
Last but not least, Oppenheimer decreased their price objective on Jack Henry & Associates from $197.00 to $191.00 in a research report released on Thursday, November 10. Seven financial experts believe investors should refrain from selling the stock and keep it in their portfolios. According to data provided by Bloomberg, the general opinion towards the firm is that it should be held, and the general price objective is $186.17.
Several institutional investors have recently boosted or lowered the amount of stock they are currently holding. Toroso Investments LLC raised its ownership in Jack Henry & Associates by 63.7% during the third quarter of the fiscal year. After making an additional purchase of 2,327 shares during the preceding quarter, Toroso Investments LLC currently possesses 5,980 shares of the technology business, which have a combined worth of $1,090,000. B. Riley Wealth Advisors Inc. grew its Jack Henry & Associates holdings by 84.1% during the third quarter of the fiscal year. Following the acquisition of 3,385 additional shares during the preceding quarter, B. Riley Wealth Advisors Inc. now holds 7,410 shares of the technology company’s stock, which have a value of $1,352,000. The Teachers Retirement System of Kentucky invested $1,248,000 in Jack Henry & Associates during the third quarter of the fiscal year. Power Corp. of Canada invested $2,702,000 in Jack Henry & Associates during the third quarter of the fiscal year.
Last but not least, during the third quarter, M&T Bank Corp. boosted the percentage of Jack Henry & Associates stock owned by 12.3%. Following the acquisition of 1,981 additional shares during the preceding quarter, M&T Bank Corp. now owns 18,128 shares of the technology company’s stock, which have a value of $3,304,000. The company’s stock is owned collectively by hedge funds and other types of institutional investors to 90.80%.