Caxton Associates LP Buys Shares of 4,286 Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Caxton Associates LP purchased a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,286 shares of the technology company's stock, valued at approximately $751,000.

Several other hedge funds have also recently modified their holdings of JKHY. Fortitude Family Office LLC lifted its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Jack Henry & Associates during the third quarter valued at approximately $26,000. National Pension Service acquired a new stake in Jack Henry & Associates in the fourth quarter valued at approximately $27,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the fourth quarter worth $35,000. Finally, Atala Financial Inc acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a research note on Wednesday, April 2nd. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company began coverage on shares of Jack Henry & Associates in a research note on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $185.30.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $172.12 on Wednesday. The company has a market capitalization of $12.55 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00. The firm has a 50-day simple moving average of $175.12 and a 200-day simple moving average of $175.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.36 by $0.16. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter last year, the business earned $1.19 EPS. The business's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a yield of 1.35%. This is a boost from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's payout ratio is presently 41.88%.

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.

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