Squarepoint Ops LLC Reduces Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Squarepoint Ops LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 91.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,507 shares of the technology company’s stock after selling 69,384 shares during the quarter. Squarepoint Ops LLC’s holdings in Jack Henry & Associates were worth $1,080,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Raymond James Trust N.A. boosted its stake in shares of Jack Henry & Associates by 1.3% during the second quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock valued at $798,000 after acquiring an additional 60 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 0.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 7,558 shares of the technology company’s stock valued at $1,313,000 after buying an additional 62 shares during the period. Czech National Bank boosted its position in Jack Henry & Associates by 0.5% during the first quarter. Czech National Bank now owns 12,821 shares of the technology company’s stock worth $2,227,000 after acquiring an additional 65 shares during the last quarter. Advisor OS LLC grew its stake in Jack Henry & Associates by 1.0% in the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after acquiring an additional 65 shares during the period. Finally, Tortoise Investment Management LLC raised its holdings in Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.8 %

Shares of JKHY opened at $182.14 on Friday. Jack Henry & Associates, Inc. has a 12 month low of $136.57 and a 12 month high of $184.82. The stock’s 50-day moving average is $171.45 and its two-hundred day moving average is $168.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $13.28 billion, a PE ratio of 35.16, a P/E/G ratio of 3.09 and a beta of 0.64.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.30 by $0.08. The firm had revenue of $559.91 million for 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 in the previous year, the company posted $1.34 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Analysts Set New Price Targets

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

Jack Henry & Associates Company Profile

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.