Jack Henry & Associates, Inc. (NASDAQ:JKHY) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 99.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,702 shares of the technology company’s stock after selling 345,316 shares during the period. Assenagon Asset Management S.A.’s holdings in Jack Henry & Associates were worth $296,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Jack Henry & Associates during the 3rd quarter valued at $30,000. Planned Solutions Inc. acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $33,000. Anchor Investment Management LLC acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $35,000. VisionPoint Advisory Group LLC acquired a new stake in Jack Henry & Associates during the 4th quarter valued at $44,000. Finally, Riverview Trust Co acquired a new stake in Jack Henry & Associates during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 98.75% of the company’s stock.

Jack Henry & Associates Stock Down 0.8 %

NASDAQ JKHY traded down $1.30 during trading hours on Thursday, hitting $168.33. The company had a trading volume of 422,807 shares, compared to its average volume of 424,291. Jack Henry & Associates, Inc. has a fifty-two week low of $136.57 and a fifty-two week high of $178.37. The company has a market capitalization of $12.27 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 4.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.39 and a quick ratio of 1.39. The firm’s 50 day moving average is $168.06 and its 200 day moving average is $166.14.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The firm had revenue of $538.56 million during the quarter, compared to the consensus estimate of $541.80 million. Jack Henry & Associates had a return on equity of 22.18% and a net margin of 17.28%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.2 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 1.31%. Jack Henry & Associates’s dividend payout ratio is presently 42.47%.

Wall Street Analysts Forecast Growth

JKHY has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $198.00 price target on shares of Jack Henry & Associates in a research note on Tuesday, April 30th. StockNews.com raised Jack Henry & Associates from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. William Blair reissued an “outperform” rating on shares of Jack Henry & Associates in a research note on Wednesday, May 8th. Wolfe Research initiated coverage on Jack Henry & Associates in a research note on Thursday, March 7th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird increased their price target on Jack Henry & Associates from $180.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $174.42.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc, a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other.