Assenagon Asset Management S.A. Has $11.20 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Assenagon Asset Management S.A. reduced its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 69.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,903 shares of the technology company’s stock after selling 143,854 shares during the period. Assenagon Asset Management S.A.’s holdings in Jack Henry & Associates were worth $11,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of JKHY. Fortitude Family Office LLC boosted its stake in Jack Henry & Associates by 647.4% in the 4th quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jack Henry & Associates during the third quarter valued at $26,000. ORG Partners LLC acquired a new stake in shares of Jack Henry & Associates in the 4th quarter valued at $35,000. Catalyst Capital Advisors LLC bought a new stake in shares of Jack Henry & Associates in the 3rd quarter worth about $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Jack Henry & Associates during the 3rd quarter worth about $54,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Jack Henry & Associates

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total value of $3,215,676.40. Following the completion of the sale, the insider now owns 138,665 shares of the company’s stock, valued at approximately $23,756,087.80. This represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

JKHY has been the topic of a number of recent analyst reports. William Blair lowered shares of Jack Henry & Associates from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. StockNews.com lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on Jack Henry & Associates from $181.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 7th. Stephens restated an “equal weight” rating and issued a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Finally, Oppenheimer initiated coverage on shares of Jack Henry & Associates in a research report on Tuesday, October 1st. They set an “outperform” rating and a $206.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.80.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $173.16 on Friday. Jack Henry & Associates, Inc. has a 1 year low of $157.00 and a 1 year high of $189.63. The company’s 50-day moving average is $174.60 and its two-hundred day moving average is $173.94. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $12.63 billion, a PE ratio of 31.71, a PEG ratio of 3.24 and a beta of 0.61.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.02. The firm had revenue of $600.98 million for the quarter, compared to analysts’ expectations of $599.56 million. Jack Henry & Associates had a net margin of 17.79% and a return on equity of 21.81%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Equities analysts anticipate that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 2nd were issued a $0.55 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 1.27%. Jack Henry & Associates’s dividend payout ratio is presently 40.29%.

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.