308 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 308 shares of the technology company’s stock, valued at approximately $54,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its stake in shares of Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock valued at $277,000 after acquiring an additional 54 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in Jack Henry & Associates by 1.7% during the 3rd quarter. Bridges Investment Management Inc. now owns 3,256 shares of the technology company’s stock worth $575,000 after purchasing an additional 55 shares during the period. Raymond James Trust N.A. raised its position in Jack Henry & Associates by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after purchasing an additional 60 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after buying an additional 61 shares in the last quarter. Finally, Advisor OS LLC increased its stake in shares of Jack Henry & Associates by 1.0% during the second quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Insiders Place Their Bets

In other news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 138,665 shares in the company, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Price Performance

JKHY stock opened at $179.80 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $13.12 billion, a P/E ratio of 32.93, a PEG ratio of 3.37 and a beta of 0.61. The business has a 50 day simple moving average of $178.93 and a 200-day simple moving average of $171.90. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings data 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. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. During the same period last year, the firm posted $1.39 EPS. Jack Henry & Associates’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.22%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JKHY. William Blair downgraded shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Compass Point started coverage on shares of Jack Henry & Associates in a research note on Wednesday, September 4th. They set a “neutral” rating and a $186.00 target price for the company. Oppenheimer initiated coverage on Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. Stephens reaffirmed an “equal weight” rating and set a $170.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $189.00.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.