Squarepoint Ops LLC Trims Stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Squarepoint Ops LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,737 shares of the technology company's stock after selling 5,753 shares during the quarter. Squarepoint Ops LLC owned approximately 0.10% of Jack Henry & Associates worth $12,751,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. National Pension Service bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $27,000. Atala Financial Inc bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $40,000. Manchester Capital Management LLC boosted its position in Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company's stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Cary Street Partners Financial LLC bought a new stake in Jack Henry & Associates during the 4th quarter valued at approximately $54,000. Finally, Tortoise Investment Management LLC boosted its position in Jack Henry & Associates by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after acquiring an additional 143 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Jack Henry & Associates Stock Performance

JKHY traded down $0.53 during mid-day trading on Wednesday, reaching $184.06. 80,288 shares of the company traded hands, compared to its average volume of 568,334. The stock has a market capitalization of $13.40 billion, a P/E ratio of 33.22, a P/E/G ratio of 3.36 and a beta of 0.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company's fifty day moving average price is $175.89 and its 200-day moving average price is $174.99. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00.

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

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.26%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.52%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on JKHY shares. UBS Group dropped their price target on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Northcoast Research cut Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research report on Thursday, May 8th. Finally, William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and a consensus price target of $184.10.

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.