Deutsche Bank AG Has $52.68 Million Stock Holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Key Points

• Deutsche Bank AG reduced its holdings in Jack Henry & Associates by 50.5%, owning approximately 288,516 shares worth $52.68 million at the end of the first quarter.
• Various institutional investors have recently modified their stakes, with 98.75% of the company's stock currently owned by institutional investors and hedge funds.
• Analysts have mixed opinions on the stock; while one report upgraded it to a "buy," others retained a "hold" or "neutral" rating, with an average target price of $185.11.

Deutsche Bank AG trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 50.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,516 shares of the technology company's stock after selling 294,928 shares during the period. Deutsche Bank AG owned about 0.40% of Jack Henry & Associates worth $52,683,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Jack Henry & Associates by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after purchasing an additional 6,342 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in Jack Henry & Associates in the 1st quarter valued at about $370,000. Strategy Asset Managers LLC lifted its stake in Jack Henry & Associates by 9.0% in the 1st quarter. Strategy Asset Managers LLC now owns 2,054 shares of the technology company's stock valued at $375,000 after purchasing an additional 169 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in Jack Henry & Associates by 43.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 5,234 shares of the technology company's stock valued at $956,000 after purchasing an additional 1,593 shares during the last quarter. Finally, Empire Life Investments Inc. lifted its stake in Jack Henry & Associates by 3.7% in the 1st quarter. Empire Life Investments Inc. now owns 10,866 shares of the technology company's stock valued at $1,984,000 after purchasing an additional 389 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group cut their target price 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. Finally, Keefe, Bruyette & Woods cut their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has an average rating of "Hold" and a consensus target price of $185.11.

Jack Henry & Associates Trading Down 1.9%

Shares of JKHY stock opened at $158.52 on Tuesday. The firm has a 50 day moving average price of $177.03 and a two-hundred day moving average price of $176.04. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $11.54 billion, a PE ratio of 27.01 and a beta of 0.73. Jack Henry & Associates, Inc. has a 12-month low of $157.80 and a 12-month high of $196.00.

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.

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