Cobblestone Capital Advisors LLC NY Boosts Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Cobblestone Capital Advisors LLC NY raised its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,467 shares of the technology company’s stock after buying an additional 1,791 shares during the period. Jack Henry & Associates comprises approximately 1.1% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 21st largest position. Cobblestone Capital Advisors LLC NY owned about 0.17% of Jack Henry & Associates worth $22,425,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JKHY. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the first quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates during the first quarter valued at about $38,000. Private Trust Co. NA boosted its position in Jack Henry & Associates by 49.0% during the second quarter. Private Trust Co. NA now owns 216 shares of the technology company’s stock valued at $39,000 after buying an additional 71 shares during the period. Assetmark Inc. boosted its position in Jack Henry & Associates by 147.5% during the first quarter. Assetmark Inc. now owns 250 shares of the technology company’s stock valued at $46,000 after buying an additional 149 shares during the period. Finally, National Pension Service boosted its position in Jack Henry & Associates by 75.2% during the first quarter. National Pension Service now owns 268 shares of the technology company’s stock valued at $49,000 after buying an additional 115 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $167.28, for a total transaction of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several analyst reports. Wall Street Zen lowered shares of Jack Henry & Associates from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jack Henry & Associates in a report on Saturday. UBS Group dropped their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Robert W. Baird set a $172.00 target price on shares of Jack Henry & Associates in a report on Friday, October 17th. Finally, Royal Bank Of Canada dropped their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a “sector perform” rating for the company in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.00.

Jack Henry & Associates Price Performance

JKHY stock opened at $155.83 on Monday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The company has a market cap of $11.32 billion, a P/E ratio of 24.97, a PEG ratio of 2.82 and a beta of 0.78. The firm has a 50-day moving average of $156.21 and a 200 day moving average of $169.15.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same period in the prior year, the firm earned $1.33 earnings per share. Jack Henry & Associates’s revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently declared 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.