2,300 Shares in Jack Henry & Associates, Inc. (NASDAQ:JKHY) Acquired by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,300 shares of the technology company’s stock, valued at approximately $403,000.

A number of other institutional investors have also recently added to or reduced their stakes in JKHY. Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates during the 4th quarter valued at approximately $54,000. Castlekeep Investment Advisors LLC purchased a new stake in Jack Henry & Associates during the 4th quarter worth about $1,444,000. Caxton Associates LP purchased a new position in Jack Henry & Associates in the fourth quarter worth approximately $751,000. Benjamin Edwards Inc. grew its stake in shares of Jack Henry & Associates by 1.5% during the fourth quarter. Benjamin Edwards Inc. now owns 129,514 shares of the technology company’s stock worth $22,709,000 after purchasing an additional 1,860 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new position in shares of Jack Henry & Associates in the 4th quarter valued at about $16,020,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Jack Henry & Associates from a “sell” rating to a “neutral” rating and set a $183.00 price target for the company in a research report on Wednesday, April 2nd. William Blair restated an “outperform” rating on shares of Jack Henry & Associates in a report on Tuesday, February 18th. UBS Group reduced their price objective on Jack Henry & Associates from $190.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday. Northcoast Research downgraded Jack Henry & Associates from a “buy” rating to a “neutral” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company started coverage on shares of Jack Henry & Associates in a research report on Tuesday, January 14th. They set an “underweight” rating and a $155.00 price target for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.10.

Jack Henry & Associates Stock Performance

Jack Henry & Associates stock opened at $180.96 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17. Jack Henry & Associates, Inc. has a 12-month low of $157.00 and a 12-month high of $196.00. The firm’s fifty day moving average price is $175.19 and its 200 day moving average price is $174.97. The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.23. The firm had revenue of $585.09 million for the quarter, compared to analysts’ expectations of $585.84 million. Jack Henry & Associates had a net margin of 17.83% and a return on equity of 21.55%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

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.