Tandem Investment Advisors Inc. Has $65.11 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tandem Investment Advisors Inc. lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 398,464 shares of the technology company’s stock after selling 7,769 shares during the period. Jack Henry & Associates comprises approximately 2.6% of Tandem Investment Advisors Inc.’s holdings, making the stock its 19th biggest holding. Tandem Investment Advisors Inc.’s holdings in Jack Henry & Associates were worth $65,113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Planned Solutions Inc. acquired a new position in Jack Henry & Associates during the 4th quarter worth about $33,000. NBC Securities Inc. acquired a new position in Jack Henry & Associates during the 3rd quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in Jack Henry & Associates during the 4th quarter worth about $35,000. KB Financial Partners LLC acquired a new position in Jack Henry & Associates during the 1st quarter worth about $52,000. Finally, State of Wyoming lifted its position in Jack Henry & Associates by 6,800.0% during the 4th quarter. State of Wyoming now owns 345 shares of the technology company’s stock worth $61,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 0.6 %

NASDAQ JKHY traded up $0.92 during trading hours on Wednesday, reaching $164.67. 295,590 shares of the company’s stock were exchanged, compared to its average volume of 435,008. The company’s 50-day moving average is $171.84 and its two-hundred day moving average is $162.39. Jack Henry & Associates, Inc. has a one year low of $136.57 and a one year high of $178.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 32.25, a price-to-earnings-growth ratio of 3.87 and a beta of 0.66.

Jack Henry & Associates (NASDAQ:JKHY) last posted its earnings results on Wednesday, February 7th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.12. Jack Henry & Associates had a return on equity of 22.67% and a net margin of 17.26%. The business had revenue of $545.70 million during the quarter, compared to analysts’ expectations of $540.34 million. During the same period in the prior year, the business earned $1.10 EPS. Jack Henry & Associates’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts forecast that Jack Henry & Associates, Inc. will post 5.11 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Friday, March 8th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.34%. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 7th. Jack Henry & Associates’s dividend payout ratio is presently 43.05%.

Analysts Set New Price Targets

Several research analysts recently issued reports on JKHY shares. Robert W. Baird upped their price target on shares of Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup initiated coverage on Jack Henry & Associates in a report on Thursday, January 18th. They set a “neutral” rating and a $177.00 price objective for the company. TheStreet raised Jack Henry & Associates from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Wolfe Research initiated coverage on Jack Henry & Associates in a report on Thursday, March 7th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $161.00 to $181.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus price target of $172.42.

About Jack Henry & Associates

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.