Freedom Investment Management Inc. Sells 180 Shares of Jack Henry & Associates, Inc. $JKHY

Freedom Investment Management Inc. decreased its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 10.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,610 shares of the technology company’s stock after selling 180 shares during the period. Freedom Investment Management Inc.’s holdings in Jack Henry & Associates were worth $290,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Jack Henry & Associates by 147.5% during the first 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. Charles Schwab Investment Management Inc. boosted its stake in Jack Henry & Associates by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock valued at $114,306,000 after buying an additional 6,342 shares during the period. Tandem Investment Advisors Inc. boosted its stake in Jack Henry & Associates by 14.5% during the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock valued at $118,550,000 after buying an additional 82,414 shares during the period. Bridges Investment Management Inc. lifted its stake in Jack Henry & Associates by 82.7% during the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Jack Henry & Associates by 928.9% during the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company’s stock worth $974,000 after purchasing an additional 4,821 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

Insider Activity

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 value of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, 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 is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Wells Fargo & Company raised Jack Henry & Associates to a “hold” rating in a research note on Wednesday, October 22nd. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research note on Friday, August 22nd. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Finally, Robert W. Baird set a $172.00 price target on Jack Henry & Associates in a research note on Friday, October 17th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $174.00.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $155.83 on Monday. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00. The firm has a market cap of $11.32 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.82 and a beta of 0.78. The business has a 50 day moving average price of $156.21 and a 200-day moving average price of $169.15.

Jack Henry & Associates (NASDAQ:JKHY) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. During the same quarter last year, the business earned $1.33 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. 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 announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.58 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. Jack Henry & Associates’s dividend payout ratio (DPR) is currently 37.18%.

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.