TD Asset Management Inc. Lowers Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

TD Asset Management Inc. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 603,570 shares of the technology company's stock after selling 66,087 shares during the period. 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 institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC lifted its position in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company's stock valued at $25,000 after acquiring an additional 123 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Jack Henry & Associates in the third quarter valued at $26,000. National Pension Service acquired a new position in shares of Jack Henry & Associates during the fourth quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of Jack Henry & Associates during the 4th quarter worth about $35,000. Finally, Atala Financial Inc acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at about $40,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Stock Performance

JKHY traded down $0.73 on Friday, hitting $178.59. The company's stock had a trading volume of 327,587 shares, compared to its average volume of 518,254. 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 cap of $13.02 billion, a P/E ratio of 32.24, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The company's 50 day simple moving average is $174.65 and its 200-day simple moving average is $176.32.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly 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%. Analysts forecast 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 was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th were given a $0.58 dividend. This is a positive change from Jack Henry & Associates's previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Thursday, March 6th. Jack Henry & Associates's dividend payout ratio (DPR) is 41.88%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JKHY shares. William Blair reiterated an "outperform" rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Northcoast Research downgraded shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research report on Monday, March 10th. Finally, Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a 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, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.