Whittier Trust Co. Raises Stake in Jack Henry & Associates, Inc. $JKHY

Whittier Trust Co. raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,823 shares of the technology company’s stock after acquiring an additional 128 shares during the quarter. Whittier Trust Co.’s holdings in Jack Henry & Associates were worth $509,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in shares of 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 buying an additional 149 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. lifted its position in shares of 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 buying an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. lifted its position in shares of 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 buying an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of 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 buying an additional 4,821 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

Jack Henry & Associates Price Performance

JKHY stock opened at $155.72 on Friday. The company has a fifty day moving average price of $156.30 and a 200 day moving average price of $169.18. Jack Henry & Associates, Inc. has a 12 month low of $144.12 and a 12 month high of $196.00. The company has a market cap of $11.32 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.84 and a beta of 0.78.

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

Jack Henry & Associates Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Robert W. Baird set a $172.00 price objective on shares of Jack Henry & Associates in a research report on Friday, October 17th. UBS Group reduced 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. Wall Street Zen downgraded shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $174.00.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business’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 transaction, the director directly owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% 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.