Jane Street Group LLC Decreases Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Jane Street Group LLC lowered its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 71.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,197 shares of the technology company's stock after selling 40,137 shares during the quarter. Jane Street Group LLC's holdings in Jack Henry & Associates were worth $2,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in shares of Jack Henry & Associates by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,463 shares of the technology company's stock worth $435,000 after buying an additional 288 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in Jack Henry & Associates by 228.7% in the third quarter. Worldquant Millennium Advisors LLC now owns 95,185 shares of the technology company's stock worth $16,804,000 after purchasing an additional 66,226 shares during the last quarter. State Street Corp grew its stake in shares of Jack Henry & Associates by 1.7% during the 3rd quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock valued at $702,039,000 after purchasing an additional 67,716 shares during the period. Stifel Financial Corp grew its stake in shares of Jack Henry & Associates by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 530,270 shares of the technology company's stock valued at $93,618,000 after purchasing an additional 3,953 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Jack Henry & Associates by 5.6% during the 3rd quarter. Quantinno Capital Management LP now owns 25,013 shares of the technology company's stock valued at $4,416,000 after purchasing an additional 1,316 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In related news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction 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 sale, the insider now owns 138,665 shares of the company's stock, valued at $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.37% of the company's stock.

Jack Henry & Associates Price Performance

JKHY traded up $0.75 on Friday, hitting $176.74. 1,023,916 shares of the company's stock traded hands, compared to its average volume of 477,246. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. 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 firm has a market cap of $12.89 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 3.37 and a beta of 0.61. The company's 50 day simple moving average is $178.41 and its 200-day simple moving average is $172.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released 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 firm had revenue of $600.98 million for the quarter, compared to analysts' expectations 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 for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.39 earnings per share. As a group, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. Jack Henry & Associates's payout ratio is 40.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods raised their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "market perform" rating in a report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. UBS Group upped their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Oppenheimer started coverage on Jack Henry & Associates in a research report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price on the stock. Finally, StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Tuesday, November 26th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $189.00.

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.