Bath Savings Trust Co Has $4.57 Million Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bath Savings Trust Co decreased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,081 shares of the technology company’s stock after selling 914 shares during the quarter. Bath Savings Trust Co’s holdings in Jack Henry & Associates were worth $4,572,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC bought a new position in shares of Jack Henry & Associates during the second quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth about $26,000. Catalyst Capital Advisors LLC bought a new position in Jack Henry & Associates during the 3rd quarter valued at about $48,000. Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates in the third quarter valued at about $54,000. Finally, Exchange Traded Concepts LLC acquired a new position in Jack Henry & Associates in the third quarter valued at about $68,000. 98.75% of the stock is currently owned by institutional investors.

Insider Activity at Jack Henry & Associates

In other news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on JKHY. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. 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 objective on the stock. UBS Group increased 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. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Stephens reissued an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $189.00.

Jack Henry & Associates Trading Up 1.2 %

Shares of NASDAQ JKHY traded up $2.08 during mid-day trading on Tuesday, hitting $171.71. The company’s stock had a trading volume of 227,868 shares, compared to its average volume of 382,767. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The company’s fifty day simple moving average is $176.34 and its 200-day simple moving average is $173.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $12.53 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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 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 (DPR) is presently 40.29%.

About Jack Henry & Associates

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.