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

Assenagon Asset Management S.A. trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 69.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,903 shares of the technology company's stock after selling 143,854 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Jack Henry & Associates worth $11,202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of 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 purchasing 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 worth about $26,000. ORG Partners LLC acquired a new position in Jack Henry & Associates in the fourth quarter worth about $35,000. Catalyst Capital Advisors LLC acquired a new stake in Jack Henry & Associates during the third quarter valued at approximately $48,000. Finally, Point72 Asset Management L.P. acquired a new stake in Jack Henry & Associates during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Stephens reiterated an "equal weight" rating and set a $170.00 target price on shares of Jack Henry & Associates in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Jack Henry & Associates from $180.00 to $190.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of Jack Henry & Associates in a report on Tuesday, January 14th. They issued an "underweight" rating and a $155.00 target price on the stock. Oppenheimer began coverage on Jack Henry & Associates in a report on Tuesday, October 1st. They set an "outperform" rating and a $206.00 target price for the company. Finally, UBS Group raised their price target on Jack Henry & Associates from $180.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $186.80.

Insider Buying and Selling

In other Jack Henry & Associates news, insider David B. Foss sold 18,770 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $171.32, for a total transaction of $3,215,676.40. Following the sale, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded up $0.66 during trading hours on Friday, reaching $173.16. The company had a trading volume of 391,361 shares, compared to its average volume of 421,572. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $174.60 and a two-hundred day moving average of $173.94. Jack Henry & Associates, Inc. has a one year low of $157.00 and a one year high of $189.63. The firm has a market capitalization 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 - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The technology company reported $1.63 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.02. The business had revenue of $600.98 million for the quarter, compared to analyst estimates of $599.56 million. Jack Henry & Associates had a return on equity of 21.81% and a net margin of 17.79%. Jack Henry & Associates's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.39 EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.81 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

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.