Jane Street Group LLC Has $2.86 Million Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jane Street Group LLC cut its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 71.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,197 shares of the technology company’s stock after selling 40,137 shares during the quarter. Jane Street Group LLC’s holdings in Jack Henry & Associates were worth $2,859,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in JKHY. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates in the 3rd quarter valued at approximately $618,000. Principal Financial Group Inc. grew its holdings in Jack Henry & Associates by 188.4% during the second quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company’s stock valued at $46,819,000 after purchasing an additional 184,210 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Jack Henry & Associates in the second quarter valued at approximately $1,245,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Jack Henry & Associates by 60.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,962 shares of the technology company’s stock worth $2,318,000 after buying an additional 5,274 shares during the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in shares of Jack Henry & Associates during the 3rd quarter worth $1,342,000. 98.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on JKHY shares. Compass Point initiated coverage on Jack Henry & Associates in a research report on Wednesday, September 4th. They set a “neutral” rating and a $186.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Finally, William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $189.00.

Insider Buying and Selling

In other news, insider David B. Foss sold 18,770 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Stock Up 0.4 %

Shares of JKHY opened at $176.74 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $178.41 and a two-hundred day moving average price of $172.55. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 3.37 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business had revenue of $600.98 million during the quarter, compared to the consensus estimate of $599.56 million. During the same quarter last year, the company earned $1.39 EPS. Jack Henry & Associates’s revenue was up 5.2% on a year-over-year basis. Equities analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

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.