Two Sigma Advisers LP Acquires 600 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Two Sigma Advisers LP boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 21.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,400 shares of the technology company’s stock after acquiring an additional 600 shares during the period. Two Sigma Advisers LP’s holdings in Jack Henry & Associates were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JKHY. National Pension Service bought a new stake in shares of Jack Henry & Associates during the fourth quarter valued at approximately $27,000. Atala Financial Inc purchased a new position in Jack Henry & Associates during the fourth quarter worth $40,000. Manchester Capital Management LLC boosted its stake in Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares during the period. Cary Street Partners Financial LLC purchased a new position in Jack Henry & Associates during the fourth quarter worth $54,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of Jack Henry & Associates by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company’s stock valued at $58,000 after purchasing an additional 143 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.1%

Jack Henry & Associates stock opened at $180.21 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. The firm has a market cap of $13.12 billion, a PE ratio of 32.53, a P/E/G ratio of 3.36 and a beta of 0.75. The stock’s 50 day simple moving average is $176.36 and its two-hundred day simple moving average is $175.19. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 39.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded Jack Henry & Associates from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $184.10.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information.