Kestra Investment Management LLC Takes $59,000 Position in Jack Henry & Associates, Inc. $JKHY

Kestra Investment Management LLC purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 321 shares of the technology company’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JKHY. Kayne Anderson Rudnick Investment Management LLC boosted its position in Jack Henry & Associates by 19.1% during 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 buying an additional 765,441 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company’s stock worth $853,240,000 after purchasing an additional 464,941 shares during the period. RGM Capital LLC bought a new stake in shares of Jack Henry & Associates in the first quarter worth $58,951,000. Nuveen LLC acquired a new stake in Jack Henry & Associates in the first quarter valued at $31,463,000. Finally, Mackenzie Financial Corp raised its position in Jack Henry & Associates by 22.9% during the 4th quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company’s stock worth $146,418,000 after purchasing an additional 155,831 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on JKHY. Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $183.00 to $178.00 and set a “market perform” rating on the stock in a research report on Thursday, August 21st. UBS Group cut their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Wall Street Zen cut Jack Henry & Associates from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Robert W. Baird lowered their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, Royal Bank Of Canada dropped their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $182.33.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $159.10 on Thursday. The stock has a market capitalization of $11.59 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.92 and a beta of 0.79. The business has a 50 day simple moving average of $169.04 and a 200 day simple moving average of $174.49. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. Equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is currently 37.18%.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction 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 completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.37% of the company’s stock.

Jack Henry & Associates 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.