XTX Topco Ltd Invests $2.09 Million in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• XTX Topco Ltd has acquired 11,416 shares of Jack Henry & Associates, Inc., valued at approximately $2,085,000, indicating a significant investment in the technology company.
• Jack Henry reported a net margin of 18.50% and a return on equity of 22.07%, with quarterly earnings of $1.52 per share, surpassing analysts' expectations.
• Wall Street analysts have mixed ratings for Jack Henry, with a consensus rating of "Hold" and a target price of $185.11, reflecting caution in the market outlook.

XTX Topco Ltd purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,416 shares of the technology company's stock, valued at approximately $2,085,000.

A number of other large investors also recently added to or reduced their stakes in JKHY. Axxcess Wealth Management LLC raised its holdings in shares of Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after acquiring an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Jack Henry & Associates by 2.1% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock worth $569,000 after acquiring an additional 64 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Jack Henry & Associates by 9.8% during the 1st quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after buying an additional 75 shares during the period. Smith Shellnut Wilson LLC ADV raised its holdings in Jack Henry & Associates by 1.1% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after buying an additional 77 shares during the period. Finally, Freedom Investment Management Inc. raised its holdings in Jack Henry & Associates by 4.5% during the 4th quarter. Freedom Investment Management Inc. now owns 1,970 shares of the technology company's stock valued at $345,000 after buying an additional 85 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Trading Down 1.5%

Jack Henry & Associates stock traded down $2.54 during mid-day trading on Friday, hitting $167.28. The company's stock had a trading volume of 627,091 shares, compared to its average volume of 418,314. The company has a 50 day moving average of $179.07 and a 200-day moving average of $176.37. The stock has a market cap of $12.18 billion, a PE ratio of 28.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. Jack Henry & Associates, Inc. has a one year low of $160.23 and a one year 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 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JKHY shares. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Monday, July 21st. Keefe, Bruyette & Woods decreased their price target 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. Finally, 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 report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $185.11.

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.