TimesSquare Capital Management LLC Boosts Position in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

TimesSquare Capital Management LLC lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,550 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Jack Henry & Associates were worth $1,148,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JKHY. Global Retirement Partners LLC lifted its position in Jack Henry & Associates by 23.3% in the fourth quarter. Global Retirement Partners LLC now owns 2,071 shares of the technology company’s stock valued at $363,000 after purchasing an additional 391 shares during the last quarter. Cardinal Capital Management raised its holdings in shares of Jack Henry & Associates by 1.1% during the fourth quarter. Cardinal Capital Management now owns 16,684 shares of the technology company’s stock valued at $2,925,000 after acquiring an additional 174 shares in the last quarter. D.A. Davidson & CO. raised its holdings in shares of Jack Henry & Associates by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 5,635 shares of the technology company’s stock valued at $988,000 after acquiring an additional 666 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Jack Henry & Associates by 1.9% during the fourth quarter. Truist Financial Corp now owns 67,134 shares of the technology company’s stock valued at $11,769,000 after acquiring an additional 1,231 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Jack Henry & Associates by 9.7% during the fourth quarter. CIBC Asset Management Inc now owns 11,693 shares of the technology company’s stock valued at $2,050,000 after acquiring an additional 1,038 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JKHY. Stephens restated an “equal weight” rating and set a $170.00 target price on shares of Jack Henry & Associates in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 7th. William Blair reaffirmed an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday. 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 research note on Thursday, November 7th. Finally, StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Down 0.3 %

NASDAQ JKHY opened at $167.28 on Thursday. Jack Henry & Associates, Inc. has a 12 month low of $157.00 and a 12 month high of $189.63. The stock has a market cap of $12.19 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.31 and a beta of 0.61. The stock’s fifty day moving average price is $173.82 and its 200-day moving average price is $174.78. 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 (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%. As a group, equities analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.58 per share. This is an increase 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 1.39%. The ex-dividend date is Thursday, March 6th. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

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.