12,796 Jack Henry & Associates, Inc. $JKHY Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its Jack Henry & Associates stake by 75.5%, selling 12,796 shares in the third quarter and retaining 4,144 shares worth about $594,000.
• Jack Henry reported quarterly EPS of $2.28, above the $2.07 consensus, while revenue rose 8.8% year over year to $682.18 million but came in slightly below estimates.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus and an average price target of $193.18, though Morgan Stanley flagged uncertainty about growth execution.

Sumitomo Mitsui Trust Group Inc. lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 75.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,144 shares of the technology company's stock after selling 12,796 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Jack Henry & Associates were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dai ichi Life Insurance Company Ltd increased its stake in shares of Jack Henry & Associates by 231.1% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,102 shares of the technology company's stock worth $3,335,000 after acquiring an additional 14,728 shares during the last quarter. VELA Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 77.4% during the second quarter. VELA Investment Management LLC now owns 65,260 shares of the technology company's stock worth $8,989,000 after acquiring an additional 28,474 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Jack Henry & Associates by 2,157.3% during the third quarter. International Assets Investment Management LLC now owns 30,000 shares of the technology company's stock worth $4,297,000 after acquiring an additional 28,671 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in Jack Henry & Associates by 82.4% during the first quarter. Epoch Investment Partners Inc. now owns 681,587 shares of the technology company's stock valued at $107,718,000 after purchasing an additional 307,886 shares during the last quarter. Finally, Amundi boosted its position in Jack Henry & Associates by 80.5% during the first quarter. Amundi now owns 626,837 shares of the technology company's stock valued at $99,065,000 after purchasing an additional 279,466 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on JKHY. Morgan Stanley lowered their target price on Jack Henry & Associates from $170.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. KeyCorp began coverage on Jack Henry & Associates in a research note on Monday, September 14th. They set an "overweight" rating and a $190.00 price target for the company. Bank of America began coverage on Jack Henry & Associates in a report on Thursday, October 15th. They set a "neutral" rating and a $165.00 price target for the company. Oppenheimer lifted their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. Finally, Wolfe Research boosted their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Jack Henry & Associates has a consensus rating of "Moderate Buy" and a consensus price target of $193.18.

Jack Henry & Associates News Summary

Here are the key news stories impacting Jack Henry & Associates this week:

• Positive Sentiment: Jack Henry beat fiscal first-quarter earnings expectations, reporting $2.28 per share versus $2.07 anticipated. Growth in cloud and payments helped lift revenue 8.8% year over year, and the company raised its fiscal 2027 GAAP EPS outlook to $7.47–$7.51. Revenue was slightly below consensus, however. Zacks earnings and growth article Fiscal 2027 outlook article
• Positive Sentiment: Several firms raised their price targets while maintaining or assigning positive ratings: Barclays to $190 (overweight), RBC to $195 (outperform), and Keefe, Bruyette & Woods to $215 (outperform). UBS also lifted its target to $185, while keeping a neutral rating. The revisions signal improved analyst expectations, though targets are not guarantees. Barclays forecast RBC target revision KBW target revision
• Neutral Sentiment: CFO Mimi Carsley is scheduled to present at Citi’s FinTech Conference on November 10. The event may provide investors with updates, but the announcement itself does not indicate a change to the company’s outlook. Conference announcement
• Negative Sentiment: Morgan Stanley said Jack Henry needs to demonstrate clearer upside to its growth targets, highlighting execution and growth visibility as potential investor concerns. Morgan Stanley growth-target assessment

Jack Henry & Associates Price Performance

Jack Henry & Associates stock opened at $173.23 on Monday. The company has a market capitalization of $12.15 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.11 and a beta of 0.55. The firm's fifty day simple moving average is $156.97 and its 200-day simple moving average is $154.41. The company has a current ratio of 1.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Jack Henry & Associates, Inc. has a 1-year low of $121.04 and a 1-year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.21. The business had revenue of $682.18 million during the quarter, compared to analyst estimates of $685.54 million. Jack Henry & Associates had a net margin of 19.96% and a return on equity of 24.46%. Jack Henry & Associates's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.97 EPS. Sell-side analysts forecast that Jack Henry & Associates, Inc. will post 7.40 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Monday, September 7th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 4th. Jack Henry & Associates's dividend payout ratio (DPR) is 33.52%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a financial technology company that provides software and services to banks and credit unions. Founded in 1976 and headquartered in Monett, Missouri, the company focuses on helping financial institutions manage operations and serve customers.

Its offerings include core banking systems, digital banking platforms, payment processing, lending solutions, and tools for managing fraud, risk, and information security. Jack Henry also provides data, hosting, and related technology services.

The company serves financial institutions across the United States, including community and regional banks and credit unions.

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