Jack Henry & Associates, Inc. $JKHY Holdings Increased by Allstate Corp

Key Points

• Allstate Corp increased its ownership in Jack Henry & Associates, Inc. by 76.0%, holding a total of 3,608 shares valued at approximately $659,000 at the end of the first quarter.
• Jack Henry & Associates reported earnings per share of $1.75 for the last quarter, surpassing analysts' expectations of $1.50, with a revenue increase of 9.9% year-over-year.
• The company declared a quarterly dividend of $0.58 per share, which will be paid to shareholders on September 26th, resulting in an annualized yield of 1.4%.

Allstate Corp boosted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 76.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,608 shares of the technology company's stock after purchasing an additional 1,558 shares during the quarter. Allstate Corp's holdings in Jack Henry & Associates were worth $659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in Jack Henry & Associates during the 1st quarter worth approximately $38,000. Assetmark Inc. increased its holdings in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares during the last quarter. National Pension Service increased its holdings in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after purchasing an additional 115 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Jack Henry & Associates during the 4th quarter worth approximately $54,000. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This represents a 3.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Trading Up 0.3%

NASDAQ JKHY traded up $0.44 during trading hours on Friday, reaching $163.26. The company's stock had a trading volume of 692,777 shares, compared to its average volume of 643,682. The business has a 50-day simple moving average of $172.21 and a 200 day simple moving average of $174.92. 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 cap of $11.90 billion, a PE ratio of 26.16, a PEG ratio of 2.92 and a beta of 0.73.

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

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be given a $0.58 dividend. The ex-dividend date 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 37.18%.

Wall Street Analysts Forecast Growth

JKHY has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a report on Friday, August 22nd. UBS Group lowered their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Royal Bank Of Canada lowered their price objective on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. Finally, Wall Street Zen raised Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $182.70.

About Jack Henry & Associates

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.