Tandem Investment Advisors Inc. Acquires 82,414 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tandem Investment Advisors Inc. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 649,236 shares of the technology company's stock after acquiring an additional 82,414 shares during the period. Jack Henry & Associates comprises about 4.1% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 5th largest holding. Tandem Investment Advisors Inc. owned 0.89% of Jack Henry & Associates worth $118,550,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Jack Henry & Associates by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 8,811,373 shares of the technology company's stock valued at $1,544,634,000 after acquiring an additional 157,360 shares during the last quarter. Invesco Ltd. lifted its position in shares of Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after acquiring an additional 471,507 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Jack Henry & Associates by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,990,506 shares of the technology company's stock valued at $349,796,000 after acquiring an additional 24,709 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Jack Henry & Associates by 95.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock valued at $229,057,000 after acquiring an additional 643,697 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock valued at $183,970,000 after acquiring an additional 82,100 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Up 1.1%

Shares of NASDAQ JKHY traded up $1.99 during mid-day trading on Friday, reaching $181.41. The company had a trading volume of 245,514 shares, compared to its average volume of 571,419. Jack Henry & Associates, Inc. has a twelve month low of $158.62 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $13.21 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.72. The stock's 50 day moving average is $179.50 and its 200-day moving average is $176.04.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The business had revenue of $585.09 million for the quarter, compared to the consensus estimate of $585.84 million. During the same period in the prior year, the business posted $1.19 earnings per share. Jack Henry & Associates's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

Analysts Set New Price Targets

JKHY has been the subject of a number of recent research reports. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Keefe, Bruyette & Woods reduced their target price on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a report on Wednesday, April 2nd. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group reduced their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $185.11.

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.