Generali Asset Management SPA SGR Buys New Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Generali Asset Management SPA SGR purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,911 shares of the technology company’s stock, valued at approximately $3,140,000.

A number of other large investors also recently modified their holdings of JKHY. Fortitude Family Office LLC grew its stake in shares of Jack Henry & Associates by 647.4% in the fourth quarter. Fortitude Family Office LLC now owns 142 shares of the technology company’s stock valued at $25,000 after buying an additional 123 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Jack Henry & Associates in the third quarter valued at $26,000. National Pension Service bought a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of Jack Henry & Associates during 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 valued at about $40,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on JKHY shares. William Blair reiterated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. Wells Fargo & Company assumed coverage on Jack Henry & Associates in a research note on Tuesday, January 14th. They set an “underweight” rating and a $155.00 target price for the company. Northcoast Research cut Jack Henry & Associates from a “buy” rating to a “neutral” rating in a research note on Monday, March 10th. Finally, StockNews.com cut shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $186.80.

Jack Henry & Associates Trading Up 0.3 %

JKHY stock opened at $177.17 on Thursday. Jack Henry & Associates, Inc. has a 52 week low of $157.00 and a 52 week high of $196.00. The company has a market capitalization of $12.92 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. The company’s 50-day simple moving average is $174.16 and its 200 day simple moving average is $176.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.17 and a current ratio of 1.17.

Jack Henry & Associates (NASDAQ:JKHY) last announced its earnings results on Tuesday, February 4th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.03). Jack Henry & Associates had a return on equity of 21.55% and a net margin of 17.83%. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, March 6th. This is a boost from Jack Henry & Associates’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a yield of 1.31%. Jack Henry & Associates’s payout ratio is currently 41.88%.

Jack Henry & Associates 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.