Traders sold shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) on strength during trading on Friday. $9.69 million flowed into the stock on the tick-up and $35.40 million flowed out of the stock on the tick-down, for a money net flow of $25.71 million out of the stock. Of all equities tracked, Jack Henry & Associates had the 0th highest net out-flow for the day. Jack Henry & Associates traded up $0.64 for the day and closed at $111.61

A number of brokerages have recently commented on JKHY. Zacks Investment Research cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered Jack Henry & Associates from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 19th. Stephens reiterated an “equal weight” rating and set a $97.00 price objective (up from $93.00) on shares of Jack Henry & Associates in a research note on Friday, August 18th. Cantor Fitzgerald initiated coverage on Jack Henry & Associates in a research note on Monday, August 28th. They set an “overweight” rating and a $112.00 price objective on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $108.00 price objective (up from $104.00) on shares of Jack Henry & Associates in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $103.25.

The firm has a market capitalization of $8,620.00, a P/E ratio of 35.54, a PEG ratio of 2.96 and a beta of 0.77. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.05.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 15th. The technology company reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The firm had revenue of $383.77 million for the quarter, compared to analysts’ expectations of $372.98 million. Jack Henry & Associates had a net margin of 17.17% and a return on equity of 24.65%. Jack Henry & Associates’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS. equities research analysts forecast that Jack Henry & Associates, Inc. will post 3.28 earnings per share for the current fiscal year.

In other news, VP Mark S. Forbis sold 2,600 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $101.16, for a total value of $263,016.00. Following the transaction, the vice president now owns 1,696 shares of the company’s stock, valued at approximately $171,567.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin D. Williams sold 20,000 shares of Jack Henry & Associates stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $101.63, for a total transaction of $2,032,600.00. Following the completion of the transaction, the insider now directly owns 43,314 shares in the company, valued at approximately $4,402,001.82. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in JKHY. Janus Henderson Group PLC acquired a new position in shares of Jack Henry & Associates in the 2nd quarter worth approximately $372,869,000. BlackRock Inc. grew its stake in shares of Jack Henry & Associates by 36.8% in the 2nd quarter. BlackRock Inc. now owns 8,439,992 shares of the technology company’s stock worth $876,664,000 after purchasing an additional 2,268,592 shares during the last quarter. State Street Corp grew its stake in shares of Jack Henry & Associates by 28.7% in the 2nd quarter. State Street Corp now owns 2,673,266 shares of the technology company’s stock worth $277,675,000 after purchasing an additional 596,227 shares during the last quarter. Swiss National Bank grew its stake in shares of Jack Henry & Associates by 367.2% in the 2nd quarter. Swiss National Bank now owns 603,200 shares of the technology company’s stock worth $62,654,000 after purchasing an additional 474,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Jack Henry & Associates by 35.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 968,253 shares of the technology company’s stock worth $100,573,000 after purchasing an additional 252,673 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors.

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Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc is a provider of information processing solutions for community banks. The Company offers a range of products and services, including processing transactions, automating business processes, and managing information financial institutions and diverse corporate entities. It operates in two segments: bank systems and services (Bank) and credit union systems and services (Credit Union).

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