Mitsubishi UFJ Trust & Banking Corp Has $29.95 Million Stake in Jack Henry & Associates, Inc. $JKHY

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 140.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 166,255 shares of the technology company’s stock after buying an additional 97,016 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jack Henry & Associates were worth $29,954,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new stake in shares of Jack Henry & Associates in the first quarter worth $26,000. Hantz Financial Services Inc. purchased a new stake in Jack Henry & Associates in the 2nd quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new stake in Jack Henry & Associates during the 1st quarter worth about $38,000. Private Trust Co. NA boosted its position in Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock worth $39,000 after acquiring an additional 71 shares during the period. Finally, Assetmark Inc. grew 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 valued at $46,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research analyst reports. UBS Group reduced 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 report on Thursday, August 21st. DA Davidson lowered their price objective on shares of Jack Henry & Associates from $204.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company increased 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 report on Thursday, November 6th. Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $177.25.

Insider Buying and Selling

In other Jack Henry & Associates news, COO Shanon G. Mclachlan sold 227 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $160.83, for a total transaction of $36,508.41. Following the transaction, the chief operating officer directly owned 1,420 shares in the company, valued at $228,378.60. This trade represents a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $165.27 on Friday. The company has a market capitalization of $12.01 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.74 and a beta of 0.76. The stock’s 50 day moving average price is $154.87 and its 200 day moving average price is $167.78. 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 posted its earnings results on Tuesday, November 4th. The technology company reported $1.97 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 company had revenue of $636.11 million during the quarter, compared to the consensus estimate of $634.42 million. During the same period in the previous year, the firm posted $1.63 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.380-6.490 EPS. As a group, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, December 2nd. Jack Henry & Associates’s dividend payout ratio is presently 35.26%.

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.