Two Sigma Investments LP Decreases Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Two Sigma Investments LP trimmed its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,100 shares of the technology company's stock after selling 13,445 shares during the period. Two Sigma Investments LP's holdings in Jack Henry & Associates were worth $1,069,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Torray Investment Partners LLC lifted its stake in shares of Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock worth $1,831,000 after buying an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 79 shares in the last quarter. Mather Group LLC. lifted its stake 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 buying an additional 83 shares in the last quarter. Moran Wealth Management LLC lifted its stake in shares of Jack Henry & Associates by 2.2% in the fourth quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock worth $679,000 after buying an additional 85 shares in the last quarter. Finally, Freedom Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 4.5% in the fourth quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock worth $345,000 after buying an additional 85 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 0.3%

Shares of JKHY stock opened at $181.01 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $13.18 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a 50 day moving average price of $176.39 and a 200 day moving average price of $175.29. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. 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 research report on Thursday, May 8th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research report on Wednesday, April 2nd. One 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 MarketBeat, Jack Henry & Associates presently has an average rating of "Hold" and an average 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.

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