D.A. Davidson & CO. Has $516,000 Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

D.A. Davidson & CO. lowered its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 49.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,827 shares of the technology company's stock after selling 2,808 shares during the period. D.A. Davidson & CO.'s holdings in Jack Henry & Associates were worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in Jack Henry & Associates during the 4th quarter worth approximately $5,931,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jack Henry & Associates by 15.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,716 shares of the technology company's stock worth $5,560,000 after acquiring an additional 4,348 shares during the period. Moran Wealth Management LLC lifted its position in Jack Henry & Associates by 2.2% in the 4th quarter. Moran Wealth Management LLC now owns 3,871 shares of the technology company's stock valued at $679,000 after acquiring an additional 85 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Jack Henry & Associates by 7.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 9,608 shares of the technology company's stock valued at $1,684,000 after acquiring an additional 655 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in Jack Henry & Associates in the 4th quarter worth $305,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock traded up $0.98 during trading hours on Monday, hitting $176.17. The company had a trading volume of 327,374 shares, compared to its average volume of 570,592. Jack Henry & Associates, Inc. has a one year low of $160.23 and a one year high of $196.00. The firm has a 50-day moving average of $180.10 and a 200 day moving average of $176.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $12.83 billion, a PE ratio of 30.01 and a beta of 0.72.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.23. Jack Henry & Associates had a net margin of 18.50% and a return on equity of 22.07%. The company had revenue of $585.09 million during the quarter, compared to analysts' expectations of $585.84 million. During the same quarter in the previous year, the business posted $1.19 earnings per share. Jack Henry & Associates's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.32 annualized dividend and a yield of 1.32%. Jack Henry & Associates's dividend payout ratio is currently 39.52%.

Analysts Set New Price Targets

A number of analysts have recently commented on JKHY shares. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 price target on the stock in a report on Wednesday, April 2nd. UBS Group cut their target price on Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Jack Henry & Associates has an average rating of "Hold" and an average price target of $185.11.

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.