Toronto Dominion Bank Purchases 14,521 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Toronto Dominion Bank lifted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,051 shares of the technology company's stock after buying an additional 14,521 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Jack Henry & Associates worth $6,846,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Willis Investment Counsel lifted its stake in shares of Jack Henry & Associates by 1.9% during the 4th quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock worth $640,000 after buying an additional 68 shares during the last quarter. Torray Investment Partners LLC grew its holdings in shares of Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company's stock valued at $1,831,000 after purchasing an additional 76 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after purchasing an additional 79 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Jack Henry & Associates by 12.2% during the 4th quarter. Mather Group LLC. now owns 761 shares of the technology company's stock valued at $133,000 after purchasing an additional 83 shares during the last quarter. Finally, Moran Wealth Management LLC grew its holdings in shares of Jack Henry & Associates by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Analyst Ratings Changes

JKHY has been the topic of several research reports. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods reduced their target price on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a report on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, UBS Group reduced their target price on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and a consensus target price of $184.10.

Jack Henry & Associates Stock Up 0.1%

Shares of Jack Henry & Associates stock traded up $0.19 during trading on Friday, reaching $180.27. 875,815 shares of the company traded hands, compared to its average volume of 571,825. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The company has a 50 day moving average price of $176.32 and a 200-day moving average price of $175.08. The firm has a market capitalization of $13.13 billion, a PE ratio of 32.54, a P/E/G ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The company had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same quarter in the previous year, the company earned $1.19 EPS. Jack Henry & Associates's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.32 annualized dividend and a dividend yield of 1.29%. Jack Henry & Associates's payout ratio is 39.52%.

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.