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

Amundi lessened its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Jack Henry & Associates by 147.5% in the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after acquiring an additional 149 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock worth $114,306,000 after buying an additional 6,342 shares during the last quarter. Tandem Investment Advisors Inc. lifted its stake in shares of Jack Henry & Associates by 14.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock worth $118,550,000 after buying an additional 82,414 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Jack Henry & Associates by 82.7% during the 1st quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock worth $1,227,000 after buying an additional 3,041 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Jack Henry & Associates by 928.9% during the 1st quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock worth $974,000 after buying an additional 4,821 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Insider Activity

In related 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 directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.37% of the company's stock.

Jack Henry & Associates Trading Up 1.3%

JKHY stock traded up $2.09 during mid-day trading on Thursday, hitting $161.19. The stock had a trading volume of 433,737 shares, compared to its average volume of 644,793. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The firm has a market capitalization of $11.75 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.92 and a beta of 0.79. The firm has a fifty day simple moving average of $169.04 and a 200 day simple moving average of $174.49.

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

Jack Henry & Associates Dividend Announcement

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

Wall Street Analysts Forecast Growth

JKHY has been the subject of a number of research reports. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group cut their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada dropped their price objective 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. Finally, Robert W. Baird dropped their price objective 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. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $182.33.

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.