Alliancebernstein L.P. Boosts Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Alliancebernstein L.P. increased its holdings in Jack Henry & Associates, acquiring an additional 9,701 shares, bringing its total ownership to approximately 90,158 shares valued at $16.46 million.
• Jack Henry & Associates recently reported quarterly earnings of $1.75 EPS, surpassing analysts' expectations, with revenue increasing by 9.9% year-over-year, totaling $615.37 million.
• The company declared a quarterly dividend of $0.58 per share, resulting in an annualized dividend yield of 1.4%, with a payout ratio of 37.18%.

Alliancebernstein L.P. boosted its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,158 shares of the technology company's stock after purchasing an additional 9,701 shares during the period. Alliancebernstein L.P. owned approximately 0.12% of Jack Henry & Associates worth $16,463,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Jack Henry & Associates in the first quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates in the first quarter worth about $38,000. Assetmark Inc. increased its stake in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares in the last quarter. National Pension Service increased its stake in Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after buying an additional 115 shares in the last quarter. Finally, Menard Financial Group LLC purchased a new position in Jack Henry & Associates in the 4th quarter worth approximately $60,000. 98.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird cut their price objective 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. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Royal Bank Of Canada lowered their price target on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 21st. Finally, Keefe, Bruyette & Woods cut their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research report on Thursday, August 21st. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates Stock Up 1.5%

Shares of NASDAQ JKHY opened at $161.42 on Friday. The firm has a 50-day moving average price of $168.64 and a 200 day moving average price of $174.41. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating 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 firm had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. During the same period in the prior year, the company earned $1.33 EPS. The firm's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Equities research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is currently 37.18%.

Insider Activity

In related 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 sale, the director owned 139,265 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.37% 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.

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