Tandem Investment Advisors Inc. Buys 61,969 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tandem Investment Advisors Inc. increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,822 shares of the technology company’s stock after purchasing an additional 61,969 shares during the quarter. Jack Henry & Associates makes up about 3.8% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 7th largest holding. Tandem Investment Advisors Inc. owned about 0.78% of Jack Henry & Associates worth $99,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of 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 valued at $702,039,000 after purchasing an additional 67,716 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Jack Henry & Associates by 7.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock valued at $316,326,000 after buying an additional 131,515 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Jack Henry & Associates by 7.1% during the 4th quarter. Handelsbanken Fonder AB now owns 925,400 shares of the technology company’s stock worth $162,223,000 after buying an additional 61,600 shares during the period. Nordea Investment Management AB boosted its position in Jack Henry & Associates by 50.8% during the 4th quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock worth $136,720,000 after buying an additional 263,021 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Jack Henry & Associates by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 610,742 shares of the technology company’s stock worth $107,820,000 after acquiring an additional 2,324 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 0.8 %

Shares of JKHY stock opened at $168.70 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a 50 day simple moving average of $173.58 and a two-hundred day simple moving average of $174.74. The company has a market cap of $12.30 billion, a P/E ratio of 30.45, a PEG ratio of 3.34 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 annualized dividend and a dividend yield of 1.38%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s dividend payout ratio is currently 39.71%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target on the stock. Stephens reaffirmed 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. Royal Bank of Canada upped their price target on 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. Keefe, Bruyette & Woods raised their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Finally, StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus 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.