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

Torray Investment Partners LLC boosted its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,446 shares of the technology company’s stock after purchasing an additional 76 shares during the quarter. Torray Investment Partners LLC’s holdings in Jack Henry & Associates were worth $1,831,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in Jack Henry & Associates by 647.4% during the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock worth $25,000 after purchasing an additional 123 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Jack Henry & Associates during the third quarter worth approximately $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during the fourth quarter worth approximately $35,000. Finally, Manchester Capital Management LLC lifted its holdings in shares of Jack Henry & Associates by 11,750.0% during the fourth quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock worth $42,000 after buying an additional 235 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $178.00 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $173.03 and a two-hundred day moving average price of $175.27. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The firm has a market capitalization of $12.98 billion, a P/E ratio of 32.13, a P/E/G ratio of 3.36 and a beta of 0.61.

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

Jack Henry & Associates Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.58 per share. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is currently 41.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on JKHY. Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Wells Fargo & Company began coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Finally, Stephens reiterated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jack Henry & Associates currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates 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.