Walker Asset Management LLC Sells 1,894 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Walker Asset Management LLC trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 237,985 shares of the technology company’s stock after selling 1,894 shares during the quarter. Jack Henry & Associates makes up about 25.7% of Walker Asset Management LLC’s investment portfolio, making the stock its largest position. Walker Asset Management LLC’s holdings in Jack Henry & Associates were worth $41,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in 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 worth $316,326,000 after purchasing an additional 131,515 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Jack Henry & Associates during the third quarter worth approximately $618,000. Nordea Investment Management AB boosted its position in Jack Henry & Associates by 50.8% during the fourth 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. XTX Topco Ltd boosted its position in Jack Henry & Associates by 137.3% during the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 4,491 shares in the last quarter. Finally, Pensionfund Sabic purchased a new position in Jack Henry & Associates during the fourth quarter worth approximately $1,315,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction on 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 directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $173.16 on Friday. The business has a fifty day moving average of $174.60 and a two-hundred day moving average of $173.87. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 3.24 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63.

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

Jack Henry & Associates Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is presently 40.29%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JKHY. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a research report on Tuesday. They issued an “underweight” rating and a $155.00 target price on the stock. Oppenheimer began coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price on the stock. William Blair downgraded Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Stephens restated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $185.91.

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.