Jack Henry & Associates (NASDAQ:JKHY) Director David Foss Sells 20,000 Shares

Jack Henry & Associates, Inc. (NASDAQ:JKHY) Director David Foss sold 20,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $174.92, for a total value of $3,498,400.00. Following the sale, the director owned 128,133 shares in the company, valued at $22,413,024.36. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jack Henry & Associates Stock Performance

JKHY stock traded up $2.57 during trading on Wednesday, reaching $175.25. The company had a trading volume of 475,210 shares, compared to its average volume of 744,685. The firm has a 50-day simple moving average of $157.99 and a 200-day simple moving average of $167.09. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 3.01 and a beta of 0.73. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.49 and a current ratio of 1.49.

Jack Henry & Associates (NASDAQ:JKHY) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.33. The business had revenue of $636.11 million for the quarter, compared to analyst estimates of $634.42 million. Jack Henry & Associates had a return on equity of 23.11% and a net margin of 19.86%.The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio (DPR) is presently 35.26%.

Institutional Investors Weigh In On Jack Henry & Associates

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in Jack Henry & Associates by 1,911.3% in the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company’s stock valued at $165,555,000 after acquiring an additional 1,056,362 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of 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 valued at $872,631,000 after purchasing an additional 765,441 shares in the last quarter. Norges Bank purchased a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $115,471,000. Artisan Partners Limited Partnership acquired a new stake in shares of Jack Henry & Associates in the second quarter valued at about $74,302,000. Finally, UBS Group AG boosted its holdings in Jack Henry & Associates by 75.7% during the third quarter. UBS Group AG now owns 847,002 shares of the technology company’s stock worth $126,144,000 after buying an additional 364,878 shares in the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on JKHY. Wells Fargo & Company lifted their target price on shares of Jack Henry & Associates from $161.00 to $164.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 6th. Robert W. Baird set a $172.00 target price on Jack Henry & Associates in a research report on Friday, October 17th. Compass Point upgraded shares of Jack Henry & Associates from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $179.00 to $187.00 in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Jack Henry & Associates presently has an average rating of “Hold” and a consensus target price of $179.56.

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.