Entropy Technologies LP Acquires 8,672 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Entropy Technologies LP lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 508.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,379 shares of the technology company’s stock after acquiring an additional 8,672 shares during the quarter. Entropy Technologies LP’s holdings in Jack Henry & Associates were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of JKHY. Nordea Investment Management AB lifted its position in shares of Jack Henry & Associates by 50.8% during the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after acquiring an additional 263,021 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Jack Henry & Associates by 7.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after purchasing an additional 131,515 shares during the period. Benjamin Edwards Inc. lifted its holdings in Jack Henry & Associates by 2,032.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 127,654 shares of the technology company’s stock worth $22,540,000 after purchasing an additional 121,667 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Jack Henry & Associates by 80.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 207,757 shares of the technology company’s stock worth $36,677,000 after purchasing an additional 92,359 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Jack Henry & Associates by 49.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 219,985 shares of the technology company’s stock valued at $38,836,000 after buying an additional 72,760 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock opened at $173.81 on Monday. The firm has a market capitalization of $12.68 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 3.46 and a beta of 0.61. The company has a current ratio of 3.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The business’s 50-day moving average price is $174.77 and its 200-day moving average price is $174.83.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 39.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JKHY shares. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Finally, UBS Group lifted their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $186.80.

Jack Henry & Associates Company 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.