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

Assenagon Asset Management S.A. decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 97.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,942 shares of the technology company's stock after selling 61,961 shares during the period. Assenagon Asset Management S.A.'s holdings in Jack Henry & Associates were worth $355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Jack Henry & Associates during the fourth quarter valued at approximately $132,817,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Jack Henry & Associates by 95.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,318,691 shares of the technology company's stock worth $229,057,000 after buying an additional 643,697 shares during the period. Invesco Ltd. grew its position in Jack Henry & Associates by 29.9% during the 4th quarter. Invesco Ltd. now owns 2,050,900 shares of the technology company's stock valued at $359,523,000 after purchasing an additional 471,507 shares during the last quarter. GAMMA Investing LLC lifted its stake in Jack Henry & Associates by 19,937.4% during the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after acquiring an additional 464,941 shares during the period. Finally, Deutsche Bank AG lifted its stake in Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after acquiring an additional 367,806 shares during the period. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JKHY shares. Northcoast Research cut shares of Jack Henry & Associates from a "buy" rating to a "neutral" rating in a research note on Monday, March 10th. UBS Group dropped their price objective on shares of Jack Henry & Associates from $190.00 to $185.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group upgraded Jack Henry & Associates from a "sell" rating to a "neutral" rating and set a $183.00 target price for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $190.00 to $183.00 and set a "market perform" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $184.10.

Jack Henry & Associates Trading Up 0.6%

Jack Henry & Associates stock opened at $181.39 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 12 month low of $158.62 and a 12 month high of $196.00. The stock's 50 day simple moving average is $177.58 and its two-hundred day simple moving average is $175.75. The firm has a market cap of $13.21 billion, a PE ratio of 30.90, a P/E/G ratio of 3.08 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.29 by $0.23. Jack Henry & Associates had a return on equity of 22.07% and a net margin of 18.50%. The firm had revenue of $585.09 million during the quarter, compared to the consensus estimate of $585.84 million. During the same period in the prior year, the company earned $1.19 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 29th. Jack Henry & Associates's dividend payout ratio is presently 39.52%.

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.

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