Quadrature Capital Ltd Has $6.12 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Quadrature Capital Ltd lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,477 shares of the technology company’s stock after purchasing an additional 3,222 shares during the period. Quadrature Capital Ltd owned 0.05% of Jack Henry & Associates worth $6,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $4,075,000. Vanguard Group Inc. increased its stake in shares of Jack Henry & Associates by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 8,648,977 shares of the technology company’s stock worth $1,413,329,000 after purchasing an additional 29,182 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Jack Henry & Associates by 32.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock worth $115,299,000 after purchasing an additional 171,477 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Jack Henry & Associates in the fourth quarter worth about $210,000. Finally, Neo Ivy Capital Management bought a new position in shares of Jack Henry & Associates in the fourth quarter valued at approximately $240,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $162.21 on Wednesday. The business’s 50 day moving average price is $165.34 and its 200 day moving average price is $167.71. The firm has a market cap of $11.83 billion, a P/E ratio of 31.31, a P/E/G ratio of 4.26 and a beta of 0.62. Jack Henry & Associates, Inc. has a 52 week low of $136.57 and a 52 week high of $178.37. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.14.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm had revenue of $538.56 million for the quarter, compared to analyst estimates of $541.80 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Jack Henry & Associates’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.19 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, May 28th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $2.20 annualized dividend and a yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JKHY shares. Evercore ISI lifted their target price on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. DA Davidson reiterated a “buy” rating and issued a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Robert W. Baird increased their target price on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Wolfe Research assumed coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $174.42.

About Jack Henry & Associates

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.