ProShare Advisors LLC Has $9.10 Million Holdings in Jack Henry & Associates, Inc. $JKHY

ProShare Advisors LLC trimmed its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 14.9% in the 2nd quarter, Holdings Channel reports. The fund owned 50,485 shares of the technology company’s stock after selling 8,864 shares during the quarter. ProShare Advisors LLC’s holdings in Jack Henry & Associates were worth $9,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of JKHY. Kayne Anderson Rudnick Investment Management LLC grew its position in Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company’s stock worth $872,631,000 after purchasing an additional 765,441 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Jack Henry & Associates by 22.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,668,602 shares of the technology company’s stock valued at $300,632,000 after buying an additional 301,600 shares during the period. Raymond James Financial Inc. grew its position in Jack Henry & Associates by 2.8% during the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company’s stock worth $142,190,000 after buying an additional 21,040 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 6,342 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Jack Henry & Associates by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,907 shares of the technology company’s stock valued at $107,352,000 after acquiring an additional 15,933 shares during the period. Institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Stock Performance

Shares of JKHY stock opened at $167.17 on Thursday. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00. The stock has a market capitalization of $12.15 billion, a PE ratio of 26.79, a PEG ratio of 2.74 and a beta of 0.76. The stock’s fifty day moving average is $154.80 and its 200-day moving average is $167.80.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.33. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $636.11 million for the quarter, compared to the consensus estimate of $634.42 million. During the same quarter in the prior year, the company earned $1.63 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio is 35.26%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and increased their price objective for the company from $179.00 to $187.00 in a research note on Thursday, November 6th. DA Davidson lowered their target price on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. UBS Group cut their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Robert W. Baird set a $172.00 price objective on Jack Henry & Associates in a report on Friday, October 17th. Finally, Wall Street Zen lowered Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $177.25.

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.