Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lessened its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 398,464 shares of the technology company’s stock after selling 7,769 shares during the period. Jack Henry & Associates makes up approximately 2.6% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 19th largest position. Tandem Investment Advisors Inc. owned 0.55% of Jack Henry & Associates worth $65,113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Jack Henry & Associates by 1.3% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,742,546 shares of the technology company’s stock valued at $565,648,000 after acquiring an additional 46,534 shares during the last quarter. State Street Corp lifted its position in Jack Henry & Associates by 3.3% in the first quarter. State Street Corp now owns 3,204,604 shares of the technology company’s stock valued at $482,998,000 after acquiring an additional 101,262 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Jack Henry & Associates by 19.1% in the first quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company’s stock valued at $286,513,000 after acquiring an additional 304,400 shares during the last quarter. Geode Capital Management LLC lifted its position in Jack Henry & Associates by 0.7% in the first quarter. Geode Capital Management LLC now owns 1,713,380 shares of the technology company’s stock valued at $257,816,000 after acquiring an additional 11,665 shares during the last quarter. Finally, Morgan Stanley lifted its position in Jack Henry & Associates by 117.1% in the fourth quarter. Morgan Stanley now owns 1,709,702 shares of the technology company’s stock valued at $300,155,000 after acquiring an additional 922,054 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

JKHY has been the topic of a number of recent research reports. TheStreet upgraded shares of Jack Henry & Associates from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Citigroup initiated coverage on shares of Jack Henry & Associates in a research note on Thursday, January 18th. They issued a “neutral” rating and a $177.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, February 7th. Evercore ISI lifted their price objective on shares of Jack Henry & Associates from $157.00 to $172.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Finally, Robert W. Baird lifted their price objective on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $172.42.

Jack Henry & Associates Price Performance

JKHY stock traded up $0.92 during trading on Wednesday, reaching $164.67. 295,590 shares of the company were exchanged, compared to its average volume of 435,008. The company has a market cap of $12.00 billion, a P/E ratio of 32.25, a PEG ratio of 3.87 and a beta of 0.66. Jack Henry & Associates, Inc. has a 52-week low of $136.57 and a 52-week high of $178.37. The stock’s 50 day moving average price is $171.84 and its 200 day moving average price is $162.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. The firm had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, analysts predict that Jack Henry & Associates, Inc. will post 5.11 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.52. Jack Henry & Associates’s payout ratio is currently 43.05%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.