Point72 DIFC Ltd Purchases New Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Point72 DIFC Ltd acquired a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,431 shares of the technology company's stock, valued at approximately $606,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Jack Henry & Associates by 188.4% in the 2nd quarter. Principal Financial Group Inc. now owns 282,010 shares of the technology company's stock worth $46,819,000 after acquiring an additional 184,210 shares during the period. Mackenzie Financial Corp raised its position in shares of Jack Henry & Associates by 51.4% in the 2nd quarter. Mackenzie Financial Corp now owns 503,944 shares of the technology company's stock worth $83,665,000 after buying an additional 171,041 shares during the period. Benjamin Edwards Inc. grew its position in Jack Henry & Associates by 2,032.2% during the third quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company's stock valued at $22,540,000 after acquiring an additional 121,667 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Jack Henry & Associates by 6,680.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after purchasing an additional 113,696 shares during the period. Finally, Tandem Investment Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 20.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock valued at $83,496,000 after purchasing an additional 85,175 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY traded down $0.60 during midday trading on Friday, reaching $173.01. 574,501 shares of the company traded hands, compared to its average volume of 467,572. The stock has a 50-day moving average price of $179.09 and a 200 day moving average price of $171.65. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 3.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. 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 - Get Free Report) last issued its quarterly 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 analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 earnings per share 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. Stockholders of record on Monday, December 2nd will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's dividend payout ratio (DPR) is currently 40.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Compass Point began 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. Oppenheimer began coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $206.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $188.73.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 138,665 shares in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates 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.