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

Jane Street Group LLC decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 71.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,197 shares of the technology company’s stock after selling 40,137 shares during the period. Jane Street Group LLC’s holdings in Jack Henry & Associates were worth $2,859,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates in the third quarter worth about $618,000. Principal Financial Group Inc. increased its holdings 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 valued at $46,819,000 after purchasing an additional 184,210 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new position in Jack Henry & Associates in the 2nd quarter worth approximately $1,245,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Jack Henry & Associates by 60.7% during the 2nd 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 in the last quarter. Finally, Hilltop Holdings Inc. bought a new position in Jack Henry & Associates in the 3rd quarter valued at $1,342,000. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY stock 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. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The firm has a fifty day moving average of $178.41 and a 200-day moving average of $172.55. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61.

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

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued 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 yield of 1.24%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 40.29%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of recent research reports. StockNews.com downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $189.00.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the sale, 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 document filed with the SEC, which is available through 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.