Toronto Dominion Bank Boosts Stock Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group dropped their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price on the stock in a research report on Wednesday, April 2nd. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $184.10.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded up $0.57 during trading hours on Tuesday, reaching $182.57. The company had a trading volume of 184,176 shares, compared to its average volume of 661,506. Jack Henry & Associates, Inc. has a 1-year low of $157.00 and a 1-year high of $196.00. The firm has a market cap of $13.29 billion, a PE ratio of 32.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The business's 50 day moving average price is $175.70 and its 200-day moving average price is $174.93. 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 (NASDAQ:JKHY - Get Free Report) last announced its quarterly 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. The company had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. Jack Henry & Associates's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. Research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, May 29th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 39.52%.

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.