Torray Investment Partners LLC Acquires 76 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Torray Investment Partners LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,446 shares of the technology company’s stock after purchasing an additional 76 shares during the period. Torray Investment Partners LLC’s holdings in Jack Henry & Associates were worth $1,831,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Jack Henry & Associates by 7.9% during the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Jack Henry & Associates in the third quarter valued at about $618,000. Nordea Investment Management AB boosted its holdings in Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after acquiring an additional 263,021 shares during the last quarter. Pensionfund Sabic bought a new position in Jack Henry & Associates in the fourth quarter valued at about $1,315,000. Finally, XTX Topco Ltd boosted its holdings in Jack Henry & Associates by 137.3% in the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock valued at $1,370,000 after acquiring an additional 4,491 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $178.00 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.03. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The stock has a market cap of $12.98 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61. The stock’s 50-day moving average price is $173.03 and its two-hundred day moving average price is $175.27.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders 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 dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on JKHY shares. Royal Bank of Canada raised their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a report on Thursday, November 7th. Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $186.80.

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.