Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lowered its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 603,570 shares of the technology company’s stock after selling 66,087 shares during the quarter. TD Asset Management Inc. owned approximately 0.83% of Jack Henry & Associates worth $105,806,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in Jack Henry & Associates by 1.2% in the third quarter. D.A. Davidson & CO. now owns 4,969 shares of the technology company’s stock valued at $877,000 after purchasing an additional 61 shares during the period. Townsquare Capital LLC increased its position in shares of Jack Henry & Associates by 0.7% in the third quarter. Townsquare Capital LLC now owns 9,601 shares of the technology company’s stock worth $1,695,000 after acquiring an additional 67 shares in the last quarter. Willis Investment Counsel raised its position in Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company’s stock valued at $640,000 after purchasing an additional 68 shares during the period. Torray Investment Partners LLC raised its holdings in shares of Jack Henry & Associates by 0.7% during the 4th quarter. Torray Investment Partners LLC now owns 10,446 shares of the technology company’s stock valued at $1,831,000 after buying an additional 76 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Jack Henry & Associates by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company’s stock worth $401,000 after acquiring an additional 79 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $174.78 on Wednesday. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $196.00. The company’s 50-day simple moving average is $174.26 and its 200-day simple moving average is $176.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

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

Jack Henry & Associates Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th were issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, March 6th. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is currently 41.88%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Northcoast Research lowered shares of Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Finally, Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.