Squarepoint Ops LLC Sells 5,753 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Squarepoint Ops LLC lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 72,737 shares of the technology company's stock after selling 5,753 shares during the period. Squarepoint Ops LLC owned about 0.10% of Jack Henry & Associates worth $12,751,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Willis Investment Counsel grew its stake in shares of Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock valued at $640,000 after acquiring an additional 68 shares during the period. Torray Investment Partners LLC lifted its holdings in Jack Henry & Associates by 0.7% during the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after purchasing an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Jack Henry & Associates by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock worth $401,000 after purchasing an additional 79 shares during the period. Mather Group LLC. boosted its position in shares of Jack Henry & Associates by 12.2% in the fourth quarter. Mather Group LLC. now owns 761 shares of the technology company's stock worth $133,000 after purchasing an additional 83 shares during the period. Finally, Moran Wealth Management LLC raised its position in shares of Jack Henry & Associates by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after purchasing an additional 85 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Down 0.6%

Shares of JKHY opened at $181.84 on Friday. The business's 50 day simple moving average is $175.50 and its 200-day simple moving average is $175.01. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $196.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. 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 for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Jack Henry & Associates's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.28%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analyst Ratings Changes

Several research analysts recently weighed in on JKHY shares. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research note on Wednesday, April 2nd. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, UBS Group cut their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.

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