Allspring Global Investments Holdings LLC Reduces Holdings in Jack Henry & Associates, Inc. $JKHY

Allspring Global Investments Holdings LLC trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 37.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,298 shares of the technology company's stock after selling 37,437 shares during the period. Allspring Global Investments Holdings LLC owned 0.09% of Jack Henry & Associates worth $11,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after purchasing an additional 765,441 shares during the period. RGM Capital LLC purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $58,951,000. Nuveen LLC purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $31,463,000. Millennium Management LLC lifted its position in shares of Jack Henry & Associates by 535.1% in the 1st quarter. Millennium Management LLC now owns 161,180 shares of the technology company's stock worth $29,431,000 after purchasing an additional 135,801 shares during the period. Finally, Kodai Capital Management LP lifted its position in shares of Jack Henry & Associates by 34,328.8% in the 1st quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company's stock worth $17,037,000 after purchasing an additional 93,031 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Robert W. Baird set a $172.00 price target on shares of Jack Henry & Associates in a research note on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on shares of Jack Henry & Associates from $173.00 to $155.00 and set a "neutral" rating for the company in a research note on Monday, October 13th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $173.25.

Jack Henry & Associates Price Performance

Shares of NASDAQ:JKHY opened at $152.93 on Friday. 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 capitalization of $11.11 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.77 and a beta of 0.78. The firm's 50 day simple moving average is $156.63 and its two-hundred day simple moving average is $169.67.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.5%. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

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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