9,169 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,169 shares of the technology company’s stock, valued at approximately $1,382,000. Jack Henry & Associates accounts for about 0.3% of XTX Topco Ltd’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its stake in Jack Henry & Associates by 16.2% in the fourth quarter. First Horizon Advisors Inc. now owns 430 shares of the technology company’s stock worth $75,000 after purchasing an additional 60 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Jack Henry & Associates by 5.1% during the fourth quarter. Moors & Cabot Inc. now owns 1,308 shares of the technology company’s stock valued at $230,000 after purchasing an additional 64 shares in the last quarter. Cardinal Capital Management lifted its holdings in shares of Jack Henry & Associates by 0.5% during the first quarter. Cardinal Capital Management now owns 12,845 shares of the technology company’s stock valued at $1,936,000 after purchasing an additional 65 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Jack Henry & Associates by 2.0% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 3,322 shares of the technology company’s stock valued at $501,000 after purchasing an additional 66 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Jack Henry & Associates by 5.1% during the fourth quarter. Apollon Wealth Management LLC now owns 1,432 shares of the technology company’s stock valued at $251,000 after purchasing an additional 69 shares in the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

NASDAQ:JKHY opened at $151.40 on Friday. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.77 and a beta of 0.64. Jack Henry & Associates, Inc. has a 1 year low of $139.28 and a 1 year high of $202.66. The business has a 50 day simple moving average of $164.51 and a 200-day simple moving average of $158.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.20 and a quick ratio of 1.20.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings data on Wednesday, August 16th. The technology company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.15. The business had revenue of $534.63 million during the quarter, compared to analyst estimates of $512.78 million. Jack Henry & Associates had a return on equity of 23.97% and a net margin of 17.65%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Equities analysts forecast that Jack Henry & Associates, Inc. will post 4.97 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, September 7th. Jack Henry & Associates’s dividend payout ratio is currently 41.43%.

Analysts Set New Price Targets

A number of research firms have weighed in on JKHY. StockNews.com began coverage on Jack Henry & Associates in a report on Thursday, August 17th. They issued a “hold” rating on the stock. The Goldman Sachs Group assumed coverage on Jack Henry & Associates in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $173.00 price objective on the stock. Robert W. Baird decreased their price objective on Jack Henry & Associates from $176.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, August 17th. Royal Bank of Canada cut their target price on Jack Henry & Associates from $184.00 to $181.00 and set a “sector perform” rating for the company in a research report on Thursday, August 17th. Finally, Oppenheimer increased their target price on Jack Henry & Associates from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 17th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $173.08.

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.