Millennium Management LLC Sells 50,375 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Millennium Management LLC reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,381 shares of the technology company’s stock after selling 50,375 shares during the quarter. Millennium Management LLC owned approximately 0.08% of Jack Henry & Associates worth $9,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in shares of Jack Henry & Associates by 188.4% in the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock worth $46,819,000 after buying an additional 184,210 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Jack Henry & Associates by 32.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 705,582 shares of the technology company’s stock valued at $115,299,000 after purchasing an additional 171,477 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Jack Henry & Associates by 25.6% in the first quarter. TD Asset Management Inc now owns 684,363 shares of the technology company’s stock worth $118,894,000 after purchasing an additional 139,582 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Jack Henry & Associates by 6,680.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company’s stock valued at $19,158,000 after purchasing an additional 113,696 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 20.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company’s stock valued at $83,496,000 after buying an additional 85,175 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.8 %

Shares of NASDAQ:JKHY opened at $181.29 on Wednesday. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.09 and a beta of 0.64. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $184.82. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $171.82 and a 200 day moving average price of $168.27.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.08. The business had revenue of $559.91 million during the quarter, compared to analyst estimates of $563.37 million. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. During the same period last year, the company earned $1.34 EPS. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio is currently 42.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods raised their price target on Jack Henry & Associates from $178.00 to $180.00 and gave the company a “market perform” rating in a report on Thursday, August 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $181.00 price target on shares of Jack Henry & Associates in a report on Friday, September 6th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $172.00 to $175.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. StockNews.com upgraded shares of Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of “Hold” and a consensus price target of $180.00.

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.