3,431 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,431 shares of the technology company’s stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Jack Henry & Associates in the third quarter valued at $54,000. IHT Wealth Management LLC acquired a new position in shares of Jack Henry & Associates in the 3rd quarter valued at about $284,000. Investment Management Corp of Ontario grew its holdings in shares of Jack Henry & Associates by 42.5% during the 3rd quarter. Investment Management Corp of Ontario now owns 2,347 shares of the technology company’s stock worth $414,000 after purchasing an additional 700 shares during the period. Hilltop Holdings Inc. acquired a new stake in Jack Henry & Associates during the 3rd quarter worth approximately $1,342,000. Finally, Holocene Advisors LP raised its holdings in Jack Henry & Associates by 26.7% in the third quarter. Holocene Advisors LP now owns 53,259 shares of the technology company’s stock valued at $9,402,000 after buying an additional 11,235 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of JKHY opened at $173.61 on Friday. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.31 and a beta of 0.61. 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 business’s 50 day moving average is $179.15 and its two-hundred day moving average is $171.63. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63.

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

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. Jack Henry & Associates’s payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JKHY. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price target for the company. UBS Group boosted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Compass Point initiated coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $186.00 target price for the company. Finally, StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus target price of $188.73.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now owns 138,665 shares of the company’s stock, valued at $23,756,087.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.37% of the company’s stock.

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.