Millennium Management LLC Sells 364,276 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Millennium Management LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 93.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,379 shares of the technology company's stock after selling 364,276 shares during the period. Millennium Management LLC's holdings in Jack Henry & Associates were worth $4,449,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Jack Henry & Associates by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after acquiring an additional 157,360 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Jack Henry & Associates by 29.9% during the fourth quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after buying an additional 471,507 shares during the last quarter. Geode Capital Management LLC grew its position in Jack Henry & Associates by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock worth $349,796,000 after purchasing an additional 24,709 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company's stock valued at $316,326,000 after buying an additional 131,515 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after buying an additional 643,697 shares during the period. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

JKHY stock traded down $0.16 during trading on Tuesday, reaching $180.21. 450,190 shares of the company's stock were exchanged, compared to its average volume of 571,643. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company's fifty day moving average price is $176.36 and its 200-day moving average price is $175.19. The firm has a market cap of $13.12 billion, a PE ratio of 32.53, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the previous year, the business earned $1.19 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be issued a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. Jack Henry & Associates's dividend payout ratio is 39.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. UBS Group decreased their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Profile

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.