Boston Trust Walden Corp Increases Stake in Jack Henry & Associates, Inc. $JKHY

Boston Trust Walden Corp grew its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 276,662 shares of the technology company’s stock after buying an additional 16,256 shares during the quarter. Boston Trust Walden Corp’s holdings in Jack Henry & Associates were worth $49,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Morningstar Investment Management LLC purchased a new position in Jack Henry & Associates in the second quarter valued at $375,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Jack Henry & Associates during the second quarter worth approximately $875,000. Johnson Investment Counsel Inc. increased its stake in shares of Jack Henry & Associates by 0.7% during the second quarter. Johnson Investment Counsel Inc. now owns 16,402 shares of the technology company’s stock worth $2,955,000 after buying an additional 118 shares during the period. Aberdeen Group plc increased its stake in shares of Jack Henry & Associates by 14.5% during the second quarter. Aberdeen Group plc now owns 51,720 shares of the technology company’s stock worth $9,318,000 after buying an additional 6,533 shares during the period. Finally, Blue Trust Inc. grew its holdings in Jack Henry & Associates by 11.3% during the 2nd quarter. Blue Trust Inc. now owns 670 shares of the technology company’s stock worth $121,000 after acquiring an additional 68 shares in the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Up 0.4%

JKHY opened at $152.19 on Tuesday. The company has a market cap of $11.06 billion, a PE ratio of 24.39, a P/E/G ratio of 2.71 and a beta of 0.78. The business has a 50 day moving average price of $157.51 and a two-hundred day moving average price of $170.41. Jack Henry & Associates, Inc. has a 52 week low of $144.12 and a 52 week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $602.20 million. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal 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 paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates’s dividend payout ratio (DPR) is 37.18%.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company’s stock, valued at $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on JKHY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $178.00 to $170.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Royal Bank Of Canada dropped their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a report on Thursday, August 21st. The Goldman Sachs Group lowered their price target on Jack Henry & Associates from $173.00 to $155.00 and set a “neutral” rating for the company in a report on Monday. Finally, Robert W. Baird lowered their price target on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $174.88.

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.