Generali Asset Management SPA SGR Makes New $3.14 Million Investment in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Generali Asset Management SPA SGR bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 17,911 shares of the technology company's stock, valued at approximately $3,140,000.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC increased 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 purchasing an additional 123 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Jack Henry & Associates during the third quarter valued at $26,000. National Pension Service purchased a new stake in shares of Jack Henry & Associates in the fourth quarter valued at $27,000. ORG Partners LLC bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $35,000. Finally, Atala Financial Inc bought a new stake in shares of Jack Henry & Associates in the 4th quarter worth about $40,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Down 0.1 %

NASDAQ:JKHY traded down $0.23 during midday trading on Monday, reaching $172.82. 532,489 shares of the stock traded hands, compared to its average volume of 502,933. The stock has a market capitalization of $12.60 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. 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 business has a 50-day moving average of $174.22 and a two-hundred day moving average of $176.19.

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Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.34 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 forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 6th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, March 6th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.55. Jack Henry & Associates's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JKHY. William Blair restated an "outperform" rating on shares of Jack Henry & Associates in a research report on Tuesday, February 18th. StockNews.com cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Tuesday, November 26th. Northcoast Research lowered Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company started coverage on Jack Henry & Associates in a research report on Tuesday, January 14th. They set an "underweight" rating and a $155.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus target price 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.