Aberdeen Group plc Has $9.32 Million Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Aberdeen Group plc increased its stake in Jack Henry & Associates by 14.5% to approximately $9.32 million, owning 51,720 shares after purchasing an additional 6,533 shares in the second quarter.
• Jack Henry & Associates reported earnings per share of $1.75 for the last quarter, exceeding analysts' estimates, with a 9.9% year-over-year increase in revenue.
• A recent dividend of $0.58 per share was paid on September 26th, resulting in an annualized yield of 1.5% and a dividend payout ratio of 37.18%.

Aberdeen Group plc lifted its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,720 shares of the technology company's stock after buying an additional 6,533 shares during the period. Aberdeen Group plc owned about 0.07% of Jack Henry & Associates worth $9,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of JKHY. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the first quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Jack Henry & Associates during the first quarter valued at approximately $38,000. 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 purchasing an additional 149 shares during the last quarter. 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 purchasing an additional 115 shares during the last quarter. Finally, Steph & Co. acquired a new position in Jack Henry & Associates during the second quarter valued at approximately $51,000. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the transaction, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Jack Henry & Associates Trading Up 0.2%

Shares of NASDAQ JKHY opened at $154.46 on Thursday. The firm has a market cap of $11.22 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The business's 50 day moving average is $157.02 and its 200-day moving average is $170.19.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the company earned $1.33 earnings per share. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Wall Street Analyst Weigh In

Several brokerages recently commented on JKHY. Robert W. Baird reduced their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods reduced their price target on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research report on Wednesday, October 1st. UBS Group reduced their price target on 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 set a $204.00 price target on Jack Henry & Associates in a research report on Friday, August 22nd. Finally, Wall Street Zen cut Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $174.88.

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.

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