Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by Entropy Technologies LP

Entropy Technologies LP increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 508.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,379 shares of the technology company's stock after purchasing an additional 8,672 shares during the period. Entropy Technologies LP's holdings in Jack Henry & Associates were worth $1,819,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after buying an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates in the 3rd quarter valued at $26,000. ORG Partners LLC purchased a new stake in Jack Henry & Associates in the fourth quarter worth $35,000. Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates during the third quarter worth $48,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Jack Henry & Associates during the third quarter valued at $54,000. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JKHY shares. Royal Bank of Canada lifted their price objective on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a report on Thursday, November 7th. Stephens reiterated an "equal weight" rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Robert W. Baird raised their price target on Jack Henry & Associates from $186.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $186.80.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Down 1.7 %

NASDAQ:JKHY traded down $2.88 during midday trading on Tuesday, reaching $170.78. 218,618 shares of the stock traded hands, compared to its average volume of 587,493. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 3.11. The stock has a market capitalization of $12.46 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $189.63. The business has a 50-day moving average of $174.77 and a two-hundred day moving average of $174.87.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Thursday, March 6th will be paid a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a yield of 1.36%. Jack Henry & Associates's dividend payout ratio (DPR) is 39.71%.

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.