Jack Henry & Associates, Inc. $JKHY Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,835 shares of the technology company’s stock after selling 83 shares during the period. Stephens Inc. AR’s holdings in Jack Henry & Associates were worth $3,574,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock worth $46,000 after purchasing an additional 149 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Jack Henry & Associates by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company’s stock worth $114,306,000 after purchasing an additional 6,342 shares during the period. Tandem Investment Advisors Inc. boosted its stake in Jack Henry & Associates by 14.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company’s stock worth $118,550,000 after purchasing an additional 82,414 shares during the period. Bridges Investment Management Inc. boosted its stake in Jack Henry & Associates by 82.7% during the 1st 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 period. Finally, Penserra Capital Management LLC boosted its stake in Jack Henry & Associates by 928.9% during the 1st 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 period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JKHY shares. The Goldman Sachs Group decreased their price target on shares of 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. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research report on Friday. Wells Fargo & Company set a $161.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.00.

Insider Buying and Selling

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 value of $966,878.40. Following the sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Jack Henry & Associates Stock Up 1.2%

Shares of JKHY opened at $156.92 on Wednesday. The company has a 50-day simple moving average of $156.50 and a 200-day simple moving average of $169.36. The company has a market capitalization of $11.40 billion, a PE ratio of 25.15, a P/E/G ratio of 2.81 and a beta of 0.78. 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 issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.25. The firm had revenue of $615.37 million for the quarter, compared to analysts’ expectations of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

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

About Jack Henry & Associates

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.