PDT Partners LLC Invests $1.72 Million in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

PDT Partners LLC acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 9,762 shares of the technology company's stock, valued at approximately $1,723,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JKHY. Principal Financial Group Inc. increased its position 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 valued at $46,819,000 after acquiring an additional 184,210 shares during the period. Mackenzie Financial Corp increased its position in shares of Jack Henry & Associates by 51.4% during the second 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. Assenagon Asset Management S.A. increased its position in shares of Jack Henry & Associates by 6,680.1% during the second quarter. Assenagon Asset Management S.A. now owns 115,398 shares of the technology company's stock worth $19,158,000 after buying an additional 113,696 shares during the period. Tandem Investment Advisors Inc. increased its position in shares of Jack Henry & Associates by 20.4% during the second quarter. Tandem Investment Advisors Inc. now owns 502,926 shares of the technology company's stock worth $83,496,000 after buying an additional 85,175 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Jack Henry & Associates by 207.3% during the second quarter. SG Americas Securities LLC now owns 122,075 shares of the technology company's stock worth $20,267,000 after buying an additional 82,351 shares during the period. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 1.3 %

NASDAQ:JKHY traded up $2.22 during midday trading on Friday, reaching $176.18. 573,129 shares of the stock traded hands, compared to its average volume of 673,164. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $179.07 and a 200 day moving average of $171.52. The stock has a market capitalization of $12.85 billion, a P/E ratio of 32.27, a PEG ratio of 3.32 and a beta of 0.63. Jack Henry & Associates, Inc. has a 12 month low of $154.77 and a 12 month high of $189.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data 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 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. On average, research analysts predict that Jack Henry & Associates, Inc. will post 5.8 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, December 2nd. Jack Henry & Associates's payout ratio is 40.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target 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 raised their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. 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 objective for the company. Royal Bank of Canada lifted their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the company a "sector perform" rating in a research report on Thursday, November 7th. Finally, Stephens reiterated an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $188.73.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's 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 transaction, the insider now owns 138,665 shares in the company, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.37% of the stock is currently owned by company insiders.

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.