Envestnet Portfolio Solutions Inc. Decreases Stock Position in Jack Henry & Associates, Inc. $JKHY

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,808 shares of the technology company’s stock after selling 339 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Jack Henry & Associates were worth $1,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates during the 1st quarter valued at $38,000. Assetmark Inc. raised its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after buying an additional 149 shares during the period. National Pension Service raised its holdings in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company’s stock valued at $49,000 after buying an additional 115 shares during the period. Finally, Steph & Co. purchased a new stake in Jack Henry & Associates during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Trading Down 0.0%

JKHY opened at $152.93 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $144.12 and a 12-month high of $196.00. The business’s fifty day simple moving average is $156.63 and its 200-day simple moving average is $169.67. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.77 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the prior year, the company earned $1.33 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is presently 37.18%.

Analysts Set New Price Targets

JKHY has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a research report on Friday. Wall Street Zen downgraded Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Royal Bank Of Canada cut their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. Finally, UBS Group cut their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $173.25.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

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.