Amundi Sells 23,818 Shares of Jack Henry & Associates, Inc. $JKHY

Amundi decreased its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 10.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 199,400 shares of the technology company's stock after selling 23,818 shares during the period. Amundi owned about 0.27% of Jack Henry & Associates worth $36,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. boosted its stake in Jack Henry & Associates by 74.6% in the 1st quarter. Nomura Holdings Inc. now owns 4,195 shares of the technology company's stock worth $766,000 after purchasing an additional 1,792 shares during the period. Kodai Capital Management LP boosted its stake in shares of Jack Henry & Associates by 34,328.8% during the 1st quarter. Kodai Capital Management LP now owns 93,302 shares of the technology company's stock valued at $17,037,000 after buying an additional 93,031 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of Jack Henry & Associates during the 1st quarter valued at $123,000. State of Wyoming boosted its stake in shares of Jack Henry & Associates by 55.2% during the 1st quarter. State of Wyoming now owns 1,111 shares of the technology company's stock valued at $203,000 after buying an additional 395 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its stake in shares of Jack Henry & Associates by 19.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 12,452 shares of the technology company's stock valued at $2,274,000 after buying an additional 2,017 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Buying and Selling

In other news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction dated Monday, August 4th. The shares were 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 approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.37% of the stock is owned by company insiders.

Jack Henry & Associates Trading Down 0.9%

JKHY traded down $1.47 during trading on Friday, hitting $159.96. The stock had a trading volume of 121,669 shares, compared to its average volume of 643,806. The firm has a market cap of $11.66 billion, a PE ratio of 25.63, a P/E/G ratio of 2.84 and a beta of 0.79. Jack Henry & Associates, Inc. has a 12 month low of $157.80 and a 12 month high of $196.00. The company has a 50 day simple moving average of $168.64 and a 200-day simple moving average of $174.41.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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. The firm had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Analysts Set New Price Targets

JKHY has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. Royal Bank Of Canada decreased their target price on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note on Thursday, August 21st. Robert W. Baird decreased their target price on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Company 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.