Modern Wealth Management LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,531 shares of the technology company’s stock, valued at approximately $645,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Focus Partners Wealth bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $219,000. Janus Henderson Group PLC increased its position in Jack Henry & Associates by 2.2% in the 4th quarter. Janus Henderson Group PLC now owns 7,824 shares of the technology company’s stock worth $1,372,000 after buying an additional 167 shares during the period. Nomura Holdings Inc. bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $421,000. Man Group plc increased its position in Jack Henry & Associates by 1,334.6% in the 4th quarter. Man Group plc now owns 73,581 shares of the technology company’s stock worth $12,899,000 after buying an additional 68,452 shares during the period. Finally, Mufg Securities Americas Inc. bought a new position in Jack Henry & Associates in the 4th quarter worth approximately $189,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.
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Jack Henry & Associates Stock Performance
Jack Henry & Associates stock opened at $160.12 on Monday. The firm has a market cap of $11.67 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.85 and a beta of 0.79. The business’s fifty day moving average is $168.22 and its two-hundred day moving average is $174.35. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00.
Jack Henry & Associates (NASDAQ:JKHY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.25. The company 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 business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.4%. Jack Henry & Associates’s dividend payout ratio is presently 37.18%.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. UBS Group dropped their price target on Jack Henry & Associates from $185.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Robert W. Baird lowered their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Royal Bank Of Canada lowered their price objective on 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 analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.33.
Check Out Our Latest Report on Jack Henry & Associates
Insiders Place Their Bets
In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the transaction, the director owned 139,265 shares of the company’s stock, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.37% of the company’s stock.
Jack Henry & Associates Profile
(Free Report)
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.
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