Mark S. Forbis Sells 1,479 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock

Jack Henry & Associates, Inc. (NASDAQ:JKHY) VP Mark S. Forbis sold 1,479 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $148.29, for a total transaction of $219,320.91. Following the transaction, the vice president now owns 1,621 shares in the company, valued at $240,378.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

JKHY stock opened at $149.51 on Monday. The company has a market cap of $11.21 billion, a P/E ratio of 42.47, a P/E/G ratio of 3.49 and a beta of 0.88. Jack Henry & Associates, Inc. has a 52 week low of $120.20 and a 52 week high of $151.66. The company’s 50-day moving average price is $143.67 and its 200 day moving average price is $140.31.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Monday, November 4th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. Jack Henry & Associates had a net margin of 17.38% and a return on equity of 19.41%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $420.34 million. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, analysts predict that Jack Henry & Associates, Inc. will post 3.67 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers acquired a new position in Jack Henry & Associates in the 3rd quarter valued at $246,000. Cetera Advisors LLC purchased a new stake in shares of Jack Henry & Associates during the 3rd quarter valued at $205,000. Miracle Mile Advisors LLC grew its stake in shares of Jack Henry & Associates by 2.8% during the 3rd quarter. Miracle Mile Advisors LLC now owns 20,681 shares of the technology company’s stock valued at $3,019,000 after buying an additional 567 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Jack Henry & Associates by 27.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 9,496 shares of the technology company’s stock valued at $1,386,000 after buying an additional 2,054 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Jack Henry & Associates by 1,763.2% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,770 shares of the technology company’s stock valued at $258,000 after buying an additional 1,675 shares during the period. 91.04% of the stock is currently owned by institutional investors.

A number of analysts recently commented on JKHY shares. Atlantic Securities started coverage on shares of Jack Henry & Associates in a report on Tuesday, September 3rd. They set a “neutral” rating and a $147.00 price objective on the stock. BidaskClub raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Co boosted their price objective on shares of Jack Henry & Associates from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Zacks Investment Research raised shares of Jack Henry & Associates from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday. Finally, ValuEngine raised shares of Jack Henry & Associates from a “buy” rating to a “strong-buy” rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $154.20.

About Jack Henry & Associates

Jack Henry & Associates, Inc provides technology solutions and payment processing services primarily for financial services organizations in the United States. The company offers information and transaction processing solutions for banks ranging from community to multi-billion dollar institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand.

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Insider Buying and Selling by Quarter for Jack Henry & Associates (NASDAQ:JKHY)

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