Schwartz Investment Counsel Inc. Grows Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Schwartz Investment Counsel Inc. raised its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 266,350 shares of the technology company's stock after buying an additional 33,700 shares during the period. Jack Henry & Associates comprises about 1.7% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its 18th biggest position. Schwartz Investment Counsel Inc. owned 0.37% of Jack Henry & Associates worth $43,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in JKHY. Morgan Stanley grew its holdings in shares of Jack Henry & Associates by 117.1% during the 4th quarter. Morgan Stanley now owns 1,709,702 shares of the technology company's stock valued at $300,155,000 after purchasing an additional 922,054 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Jack Henry & Associates by 24.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,640,497 shares of the technology company's stock valued at $548,696,000 after purchasing an additional 726,875 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Jack Henry & Associates by 1,587.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 347,018 shares of the technology company's stock valued at $56,706,000 after purchasing an additional 326,448 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 19.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,900,968 shares of the technology company's stock valued at $286,513,000 after purchasing an additional 304,400 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Jack Henry & Associates by 523.8% during the 1st quarter. Baird Financial Group Inc. now owns 246,806 shares of the technology company's stock valued at $48,633,000 after purchasing an additional 207,243 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.5 %

JKHY stock traded up $2.60 during mid-day trading on Tuesday, reaching $174.17. 346,393 shares of the stock traded hands, compared to its average volume of 446,337. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The stock has a market capitalization of $12.69 billion, a PE ratio of 34.08, a PEG ratio of 3.99 and a beta of 0.66. The business has a 50-day moving average price of $171.61 and a two-hundred day moving average price of $161.75.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.12. Jack Henry & Associates had a net margin of 17.26% and a return on equity of 22.67%. The firm had revenue of $545.70 million for the quarter, compared to the consensus estimate of $540.34 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.11 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.20 annualized dividend and a dividend yield of 1.26%. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.52. Jack Henry & Associates's dividend payout ratio is 43.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of Jack Henry & Associates in a report on Thursday, January 18th. They set a "neutral" rating and a $177.00 target price on the stock. TheStreet raised shares of Jack Henry & Associates from a "c+" rating to a "b-" rating in a research report on Friday, December 29th. William Blair reissued an "outperform" rating on shares of Jack Henry & Associates in a research report on Wednesday, February 7th. Royal Bank of Canada increased their price target on shares of Jack Henry & Associates from $161.00 to $181.00 and gave the company a "sector perform" rating in a research report on Thursday, February 8th. Finally, Wolfe Research assumed coverage on shares of Jack Henry & Associates in a research report on Thursday, March 7th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $171.00.

Jack Henry & Associates Company 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.