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

D.A. Davidson & CO. grew its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,969 shares of the technology company’s stock after acquiring 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 reporting period.

Other large investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in Jack Henry & Associates by 318.0% in the first quarter. Cetera Investment Advisers now owns 15,843 shares of the technology company’s stock worth $2,752,000 after buying an additional 12,053 shares during the last quarter. Cetera Advisors LLC raised its stake in Jack Henry & Associates by 64.2% in the 1st quarter. Cetera Advisors LLC now owns 3,113 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,217 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Jack Henry & Associates by 5.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 10,116 shares of the technology company’s stock valued at $1,733,000 after acquiring an additional 562 shares during the period. GAMMA Investing LLC lifted its holdings in Jack Henry & Associates by 81.8% during the second quarter. GAMMA Investing LLC now owns 1,527 shares of the technology company’s stock valued at $254,000 after purchasing an additional 687 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in Jack Henry & Associates by 12.5% during the second quarter. DNB Asset Management AS now owns 11,754 shares of the technology company’s stock worth $1,951,000 after purchasing an additional 1,305 shares during the period. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Up 1.3 %

Shares of Jack Henry & Associates stock opened at $176.18 on Monday. The company has a 50 day simple moving average of $179.07 and a two-hundred day simple moving average of $171.52. The firm has a market cap of $12.85 billion, a PE ratio of 32.27, a PEG ratio of 3.32 and a beta of 0.63. Jack Henry & Associates, Inc. has a 1 year low of $154.77 and a 1 year high of $189.63. 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 (NASDAQ:JKHY) last announced its earnings results on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $600.98 million during the quarter, compared to analyst estimates of $599.56 million. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts expect that Jack Henry & Associates, Inc. will post 5.8 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

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

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of Jack Henry & Associates stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the transaction, the insider now directly owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JKHY has been the topic of several research reports. Stephens reissued an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. UBS Group increased their target price on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. William Blair cut Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Robert W. Baird lifted their target price on Jack Henry & Associates from $186.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Hold” and a consensus target price of $188.73.

Jack Henry & Associates 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.