Toroso Investments LLC Grows Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Toroso Investments LLC raised its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY – Get Rating) by 63.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,980 shares of the technology company’s stock after purchasing an additional 2,327 shares during the quarter. Toroso Investments LLC’s holdings in Jack Henry & Associates were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. CoreCap Advisors LLC purchased a new position in shares of Jack Henry & Associates during the 2nd quarter valued at $27,000. Hanseatic Management Services Inc. lifted its position in shares of Jack Henry & Associates by 73.7% in the third quarter. Hanseatic Management Services Inc. now owns 205 shares of the technology company’s stock valued at $37,000 after acquiring an additional 87 shares in the last quarter. Ellevest Inc. lifted its position in shares of Jack Henry & Associates by 420.0% in the third quarter. Ellevest Inc. now owns 208 shares of the technology company’s stock valued at $38,000 after acquiring an additional 168 shares in the last quarter. Guardian Wealth Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter valued at about $47,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Jack Henry & Associates in the third quarter valued at about $53,000. 90.26% of the stock is currently owned by institutional investors.

Jack Henry & Associates Trading Down 1.1 %

JKHY opened at $146.46 on Friday. The firm has a market cap of $10.69 billion, a P/E ratio of 30.39, a P/E/G ratio of 3.35 and a beta of 0.64. Jack Henry & Associates, Inc. has a 12 month low of $139.28 and a 12 month high of $212.62. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $170.02 and a 200 day moving average of $180.22.

Jack Henry & Associates (NASDAQ:JKHY – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The technology company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). The company had revenue of $505.30 million during the quarter, compared to analysts’ expectations of $515.47 million. Jack Henry & Associates had a return on equity of 24.81% and a net margin of 17.66%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. As a group, research analysts forecast that Jack Henry & Associates, Inc. will post 4.82 EPS for the current year.

Jack Henry & Associates Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 8th will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $2.08 annualized dividend and a yield of 1.42%. This is a positive change from Jack Henry & Associates’s previous quarterly dividend of $0.49. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 43.15%.

Wall Street Analyst Weigh In

JKHY has been the topic of several research analyst reports. StockNews.com initiated coverage on Jack Henry & Associates in a research report on Thursday. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $184.00 price objective (down from $193.00) on shares of Jack Henry & Associates in a research report on Thursday, February 9th. Stephens restated an “equal weight” rating and issued a $185.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, February 8th. Oppenheimer lowered their price objective on Jack Henry & Associates from $191.00 to $181.00 and set an “outperform” rating on the stock in a research report on Thursday, February 9th. Finally, DA Davidson reduced their target price on Jack Henry & Associates from $198.00 to $188.00 and set a “neutral” rating on the stock in a report on Thursday, February 9th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $180.22.

Insider Buying and Selling

In other news, Director Laura G. Kelly acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average price of $145.29 per share, with a total value of $145,290.00. Following the completion of the purchase, the director now directly owns 16,194 shares in the company, valued at $2,352,826.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by company insiders.

Jack Henry & Associates Company Profile

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Jack Henry & Associates, Inc is a technology company, which engages in the provision of technology solutions and payment processing services primarily for financial services organizations. 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, general ledger transactions, and maintain centralized customer or member information.