Bank of Nova Scotia Purchases 89,907 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Bank of Nova Scotia grew its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 755.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,809 shares of the technology company's stock after acquiring an additional 89,907 shares during the period. Bank of Nova Scotia owned about 0.14% of Jack Henry & Associates worth $17,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Willis Investment Counsel raised its stake in shares of Jack Henry & Associates by 1.9% in the fourth quarter. Willis Investment Counsel now owns 3,650 shares of the technology company's stock worth $640,000 after buying an additional 68 shares during the period. Torray Investment Partners LLC raised its stake in 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 worth $1,831,000 after acquiring an additional 76 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Jack Henry & Associates by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,285 shares of the technology company's stock valued at $401,000 after purchasing an additional 79 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in shares of Jack Henry & Associates by 4.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,166 shares of the technology company's stock worth $380,000 after purchasing an additional 83 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of Jack Henry & Associates by 7.2% in the fourth quarter. Wedmont Private Capital now owns 1,239 shares of the technology company's stock worth $213,000 after purchasing an additional 83 shares during the period. 98.75% of the stock is owned by institutional investors.

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Jack Henry & Associates Trading Up 0.5 %

Shares of JKHY stock traded up $0.94 during trading hours on Tuesday, reaching $174.79. 114,763 shares of the stock were exchanged, compared to its average volume of 533,211. 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 12-month low of $157.00 and a 12-month high of $196.00. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 3.36 and a beta of 0.71. The company's 50-day moving average price is $174.60 and its 200-day moving average price is $176.26.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group raised Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. Northcoast Research downgraded Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $186.45.

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.