Tandem Investment Advisors Inc. Purchases 61,969 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Tandem Investment Advisors Inc. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 566,822 shares of the technology company’s stock after acquiring an additional 61,969 shares during the quarter. Jack Henry & Associates accounts for about 3.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 7th biggest position. Tandem Investment Advisors Inc.’s holdings in Jack Henry & Associates were worth $99,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Jack Henry & Associates in the 3rd quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $35,000. Manchester Capital Management LLC lifted its position in Jack Henry & Associates by 11,750.0% in the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after acquiring an additional 235 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in Jack Henry & Associates during the 3rd quarter valued at about $48,000. Institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on JKHY shares. UBS Group increased their price objective on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Finally, Stephens reissued an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Price Performance

JKHY opened at $168.70 on Friday. Jack Henry & Associates, Inc. has a fifty-two week low of $157.00 and a fifty-two week high of $189.63. The firm has a 50-day moving average of $173.58 and a 200 day moving average of $174.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $12.30 billion, a P/E ratio of 30.45, a PEG ratio of 3.34 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.38%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is 39.71%.

About Jack Henry & Associates

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.