Jack Henry & Associates, Inc. (NASDAQ:JKHY) Stock Holdings Lifted by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lifted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 84.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 175,117 shares of the technology company’s stock after buying an additional 79,932 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.24% of Jack Henry & Associates worth $30,698,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Willis Investment Counsel increased its stake in Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after buying an additional 68 shares during the period. Torray Investment Partners LLC increased its stake in Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after buying an additional 76 shares during the period. EverSource Wealth Advisors LLC increased its stake in Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock valued at $401,000 after buying an additional 79 shares during the period. Mather Group LLC. increased its stake in Jack Henry & Associates by 12.2% during the 4th quarter. Mather Group LLC. now owns 761 shares of the technology company’s stock valued at $133,000 after buying an additional 83 shares during the period. Finally, Moran Wealth Management LLC increased its stake in Jack Henry & Associates by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company’s stock valued at $679,000 after buying an additional 85 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $186.02 on Wednesday. The firm’s 50 day simple moving average is $175.05 and its 200-day simple moving average is $174.89. The company has a market cap of $13.55 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.29 by $0.23. The business had revenue of $585.09 million during the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. As a group, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, May 29th. Jack Henry & Associates’s dividend payout ratio is currently 39.52%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Northcoast Research cut shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price objective on the stock in a research note on Wednesday, April 2nd. UBS Group lowered their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $190.00 to $183.00 and set a “market perform” rating on the stock in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.10.

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.