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

Tandem Investment Advisors Inc. increased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 504,853 shares of the technology company’s stock after acquiring an additional 1,927 shares during the quarter. Jack Henry & Associates comprises approximately 3.4% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Tandem Investment Advisors Inc.’s holdings in Jack Henry & Associates were worth $89,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. V Square Quantitative Management LLC grew its position in Jack Henry & Associates by 3.6% in the third quarter. V Square Quantitative Management LLC now owns 1,567 shares of the technology company’s stock worth $277,000 after acquiring an additional 54 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Jack Henry & Associates by 1.3% during the 2nd quarter. Raymond James Trust N.A. now owns 4,804 shares of the technology company’s stock worth $798,000 after purchasing an additional 60 shares during the period. Advisor OS LLC grew its holdings in shares of Jack Henry & Associates by 1.0% during the 2nd quarter. Advisor OS LLC now owns 6,624 shares of the technology company’s stock worth $1,100,000 after purchasing an additional 65 shares during the period. UMB Bank n.a. increased its position in shares of Jack Henry & Associates by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 10,870 shares of the technology company’s stock worth $1,919,000 after purchasing an additional 66 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC raised its holdings in Jack Henry & Associates by 0.9% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 7,629 shares of the technology company’s stock valued at $1,267,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on JKHY. UBS Group increased their target price on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of Jack Henry & Associates from $186.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer initiated coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, Royal Bank of Canada lifted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Jack Henry & Associates has a consensus rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Trading Down 0.2 %

NASDAQ:JKHY opened at $179.97 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $146.46 and a 12-month high of $189.63. The firm has a market cap of $13.12 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $179.13 and a 200 day moving average price of $170.51.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.02. Jack Henry & Associates had a return on equity of 21.63% and a net margin of 17.23%. The business had revenue of $600.98 million during the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter last year, the business posted $1.39 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.82 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, September 6th. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 42.15%.

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.