Holocene Advisors LP Boosts Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Holocene Advisors LP lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 26.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,259 shares of the technology company's stock after buying an additional 11,235 shares during the period. Holocene Advisors LP owned about 0.07% of Jack Henry & Associates worth $9,402,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Tortoise Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 76.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 164 shares of the technology company's stock valued at $27,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Jack Henry & Associates by 148.9% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the technology company's stock worth $39,000 after acquiring an additional 134 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $48,000. International Assets Investment Management LLC bought a new position in shares of Jack Henry & Associates during the 2nd quarter worth approximately $63,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Jack Henry & Associates during the 3rd quarter worth approximately $68,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY traded down $2.97 during midday trading on Wednesday, hitting $172.36. 1,265,547 shares of the company traded hands, compared to its average volume of 466,332. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 3.31 and a beta of 0.61. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The business has a 50 day simple moving average of $179.16 and a two-hundred day simple moving average of $171.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's payout ratio is currently 40.29%.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. William Blair lowered shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research note on Tuesday, October 1st. They set an "outperform" rating and a $206.00 price target on the stock. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. UBS Group upped their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their price objective 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $188.73.

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.