Tortoise Investment Management LLC Buys 143 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tortoise Investment Management LLC increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 76.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329 shares of the technology company’s stock after buying an additional 143 shares during the quarter. Tortoise Investment Management LLC’s holdings in Jack Henry & Associates were worth $58,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates by 1.2% during the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock worth $877,000 after buying an additional 61 shares in the last quarter. Townsquare Capital LLC increased its holdings in Jack Henry & Associates by 0.7% during the 3rd quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock valued at $1,695,000 after purchasing an additional 67 shares in the last quarter. Willis Investment Counsel raised its position in Jack Henry & Associates by 1.9% in the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after purchasing an additional 68 shares during the last quarter. Torray Investment Partners LLC boosted its stake in Jack Henry & Associates by 0.7% in the fourth quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock worth $1,831,000 after purchasing an additional 76 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Jack Henry & Associates by 20.9% during the third quarter. Huntington National Bank now owns 451 shares of the technology company’s stock worth $80,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 7.1 %

Shares of NASDAQ JKHY opened at $176.69 on Wednesday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $196.00. 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 market cap of $12.88 billion, a P/E ratio of 31.89, a P/E/G ratio of 3.36 and a beta of 0.65. The firm has a 50 day moving average price of $173.78 and a 200 day moving average price of $176.03.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is 41.88%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. Northcoast Research lowered Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research report on Monday. Finally, William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus price target of $186.80.

About Jack Henry & Associates

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.