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

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

Other hedge funds have also modified their holdings of the company. Atala Financial Inc bought a new stake in Jack Henry & Associates in the fourth quarter valued at $40,000. Cary Street Partners Financial LLC acquired a new stake in shares of Jack Henry & Associates during the 4th quarter worth about $54,000. Tortoise Investment Management LLC boosted its position in Jack Henry & Associates by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 329 shares of the technology company's stock valued at $58,000 after buying an additional 143 shares in the last quarter. Menard Financial Group LLC acquired a new stake in shares of Jack Henry & Associates during the fourth quarter worth approximately $60,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Jack Henry & Associates by 603.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 366 shares of the technology company's stock worth $64,000 after acquiring an additional 314 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Jack Henry & Associates Trading Up 1.1%

Shares of Jack Henry & Associates stock traded up $1.99 on Thursday, hitting $181.41. 245,514 shares of the company's stock traded hands, compared to its average volume of 570,432. Jack Henry & Associates, Inc. has a one year low of $158.62 and a one year high of $196.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick 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 2.90 and a beta of 0.72. The firm's 50-day moving average price is $179.29 and its two-hundred day moving average price is $176.02.

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

Jack Henry & Associates Announces Dividend

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

Analysts Set New Price Targets

JKHY has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating on the stock in a research note on Thursday, May 8th. UBS Group cut their price target 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. Northcoast Research lowered shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a report on Monday, March 10th. The Goldman Sachs Group upgraded shares of Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price objective for the company in a research report on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.