Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 137.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,761 shares of the technology company's stock after purchasing an additional 4,491 shares during the quarter. XTX Topco Ltd's holdings in Jack Henry & Associates were worth $1,370,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Jack Henry & Associates by 1.7% during the third quarter. State Street Corp now owns 3,976,658 shares of the technology company's stock worth $702,039,000 after buying an additional 67,716 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,958,305 shares of the technology company's stock worth $657,158,000 after acquiring an additional 67,386 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Jack Henry & Associates by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,056,151 shares of the technology company's stock worth $175,342,000 after purchasing an additional 23,617 shares during the period. Handelsbanken Fonder AB grew its holdings in Jack Henry & Associates by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 863,800 shares of the technology company's stock valued at $152,495,000 after purchasing an additional 66,600 shares during the last quarter. Finally, Raymond James & Associates raised its position in Jack Henry & Associates by 3.2% in the 3rd quarter. Raymond James & Associates now owns 631,974 shares of the technology company's stock worth $111,569,000 after purchasing an additional 19,846 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 1.0 %

JKHY stock traded up $1.79 during trading on Monday, hitting $174.80. 530,104 shares of the company's stock traded hands, compared to its average volume of 467,836. The firm has a market capitalization of $12.75 billion, a P/E ratio of 32.01, a PEG ratio of 3.26 and a beta of 0.61. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $179.05 and a two-hundred day simple moving average of $171.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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 business had revenue of $600.98 million for the quarter, compared to the consensus estimate of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. The business's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates's payout ratio is 40.29%.

Insider Activity

In other news, insider David B. Foss sold 18,770 shares of the firm's stock in a transaction 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 owns 138,665 shares of the company's stock, valued at $23,756,087.80. This trade represents 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 hyperlink. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JKHY shares. Compass Point assumed coverage on Jack Henry & Associates in a research note on Wednesday, September 4th. They set a "neutral" rating and a $186.00 price target for the company. Robert W. Baird lifted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Stephens reissued an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, William Blair downgraded shares of Jack Henry & Associates from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus target price of $189.00.

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.