D.A. Davidson & CO. Raises Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

D.A. Davidson & CO. boosted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 4,969 shares of the technology company’s stock after buying an additional 61 shares during the period. D.A. Davidson & CO.’s holdings in Jack Henry & Associates were worth $877,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of JKHY. Bank of Montreal Can grew its holdings in shares of Jack Henry & Associates by 3.9% in the third quarter. Bank of Montreal Can now owns 137,237 shares of the technology company’s stock worth $24,152,000 after purchasing an additional 5,188 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Jack Henry & Associates during the 3rd quarter valued at $860,000. Davis R M Inc. boosted its position in Jack Henry & Associates by 1.3% during the 3rd quarter. Davis R M Inc. now owns 77,337 shares of the technology company’s stock valued at $13,653,000 after buying an additional 956 shares during the period. Fisher Asset Management LLC grew its holdings in Jack Henry & Associates by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 7,331 shares of the technology company’s stock worth $1,294,000 after acquiring an additional 95 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Jack Henry & Associates by 13.0% in the third quarter. Daiwa Securities Group Inc. now owns 8,953 shares of the technology company’s stock valued at $1,581,000 after acquiring an additional 1,031 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the transaction, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Oppenheimer started coverage on shares of Jack Henry & Associates in a report on Tuesday, October 1st. They issued an “outperform” rating and a $206.00 price objective for the company. Keefe, Bruyette & Woods increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 7th. Stephens restated an “equal weight” rating and set a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the company a “sector perform” rating in a research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock opened at $176.18 on Monday. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 3.32 and a beta of 0.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. Jack Henry & Associates, Inc. has a 1 year low of $154.77 and a 1 year high of $189.63. The firm’s 50-day moving average is $179.07 and its 200 day moving average is $171.52.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. During the same quarter in the prior year, the company posted $1.39 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.8 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, December 2nd. Jack Henry & Associates’s payout ratio is 40.29%.

Jack Henry & Associates Company Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.