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

D.A. Davidson & CO. increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,635 shares of the technology company’s stock after buying 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in shares of Jack Henry & Associates by 647.4% during the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after acquiring an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jack Henry & Associates during the third quarter valued at about $26,000. ORG Partners LLC purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its holdings in Jack Henry & Associates by 11,750.0% during the 4th quarter. Manchester Capital Management LLC now owns 237 shares of the technology company’s stock valued at $42,000 after buying an additional 235 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Jack Henry & Associates during the third quarter valued at about $48,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stephens reiterated an “equal weight” rating and issued a $170.00 price target on shares of Jack Henry & Associates in a report on Wednesday, November 6th. StockNews.com cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company initiated coverage on Jack Henry & Associates in a report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price on the stock. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a research note on Tuesday, February 18th. Finally, Keefe, Bruyette & Woods upped their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $186.80.

Jack Henry & Associates Stock Up 1.4 %

Shares of NASDAQ:JKHY opened at $171.13 on Monday. 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 capitalization of $12.48 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 3.36 and a beta of 0.61. The stock has a fifty day simple moving average of $173.41 and a two-hundred day simple moving average of $174.91. 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 announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (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%. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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 issued a dividend of $0.58 per share. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 6th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.36%. Jack Henry & Associates’s dividend payout ratio is presently 41.88%.

Jack Henry & Associates 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.