D.A. Davidson & CO. Buys 666 Shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY)

D.A. Davidson & CO. increased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,635 shares of the technology company’s stock after acquiring an additional 666 shares during the period. D.A. Davidson & CO.’s holdings in Jack Henry & Associates were worth $988,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Jack Henry & Associates by 7.9% in the third quarter. JPMorgan Chase & Co. now owns 1,791,810 shares of the technology company’s stock worth $316,326,000 after purchasing an additional 131,515 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Jack Henry & Associates during the 3rd quarter valued at about $618,000. Nordea Investment Management AB boosted its holdings in shares of Jack Henry & Associates by 50.8% in the fourth quarter. Nordea Investment Management AB now owns 780,319 shares of the technology company’s stock valued at $136,720,000 after buying an additional 263,021 shares during the period. Pensionfund Sabic acquired a new position in Jack Henry & Associates in the 4th quarter worth $1,315,000. Finally, XTX Topco Ltd grew its holdings in shares of Jack Henry & Associates by 137.3% during the third quarter. XTX Topco Ltd now owns 7,761 shares of the technology company’s stock worth $1,370,000 after buying an additional 4,491 shares in the last quarter. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Up 1.4 %

Shares of NASDAQ:JKHY opened at $171.13 on Monday. Jack Henry & Associates, Inc. has a 52-week low of $157.00 and a 52-week high of $189.63. The company has a fifty day moving average of $173.41 and a 200-day moving average of $174.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $12.48 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 3.36 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.03). Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. On average, equities analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Thursday, March 6th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. This is an increase from Jack Henry & Associates’s previous quarterly dividend of $0.55. Jack Henry & Associates’s payout ratio is 41.88%.

Wall Street Analyst Weigh In

JKHY has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. UBS Group lifted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Stephens reaffirmed an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research report on Wednesday, November 6th. StockNews.com lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company assumed coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They issued an “underweight” rating and a $155.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Hold” and a consensus price target of $186.80.

About Jack Henry & Associates

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.