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

Entropy Technologies LP raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 508.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,379 shares of the technology company’s stock after acquiring an additional 8,672 shares during the period. Entropy Technologies LP’s holdings in Jack Henry & Associates were worth $1,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Jack Henry & Associates in the third quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the fourth quarter valued at approximately $35,000. Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates during the third quarter worth approximately $48,000. Finally, Point72 Asset Management L.P. bought a new position in Jack Henry & Associates during the 3rd quarter worth $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total transaction 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. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Trading Down 0.0 %

JKHY opened at $173.81 on Monday. The company has a fifty day moving average of $174.77 and a 200-day moving average of $174.83. Jack Henry & Associates, Inc. has a twelve month low of $157.00 and a twelve month high of $189.63. The company has a quick ratio of 1.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.03. The stock has a market cap 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.

Jack Henry & Associates (NASDAQ:JKHY) last posted 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 return on equity of 21.55% and a net margin of 17.83%. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

Analyst Upgrades and Downgrades

JKHY has been the topic of a number of analyst reports. William Blair lowered Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their target price on 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. StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Stephens reaffirmed an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of “Hold” and an average 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.