APG Asset Management N.V. Reduces Stock Holdings in Jack Henry & Associates, Inc. $JKHY

Key Points

• APG Asset Management N.V. reduced its holdings in Jack Henry & Associates by 0.6%, selling 13,539 shares, while still maintaining approximately 3.12% of the company's stock valued at $384 million.
• Several hedge funds have increased their stakes in Jack Henry, with GAMMA Investing LLC significantly raising its stake by over 19,900% during the first quarter.
• Analysts have mixed ratings on Jack Henry shares, with three firms recommending a "buy" and average price targets ranging from $175 to $212, while the consensus price target is $183.50.

APG Asset Management N.V. lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,272,024 shares of the technology company's stock after selling 13,539 shares during the quarter. Jack Henry & Associates makes up 1.2% of APG Asset Management N.V.'s portfolio, making the stock its 13th biggest position. APG Asset Management N.V. owned 3.12% of Jack Henry & Associates worth $384,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JKHY. Guggenheim Capital LLC raised its holdings in shares of Jack Henry & Associates by 67.3% during the fourth quarter. Guggenheim Capital LLC now owns 4,220 shares of the technology company's stock valued at $740,000 after acquiring an additional 1,697 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Jack Henry & Associates by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 535,859 shares of the technology company's stock worth $93,936,000 after purchasing an additional 7,692 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Jack Henry & Associates by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 19,301 shares of the technology company's stock worth $3,383,000 after purchasing an additional 354 shares in the last quarter. MML Investors Services LLC raised its holdings in Jack Henry & Associates by 9.1% in the fourth quarter. MML Investors Services LLC now owns 24,397 shares of the technology company's stock worth $4,277,000 after purchasing an additional 2,037 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Jack Henry & Associates by 20.8% in the fourth quarter. Hsbc Holdings PLC now owns 200,055 shares of the technology company's stock worth $35,057,000 after purchasing an additional 34,495 shares in the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded down $0.39 during trading on Thursday, hitting $162.35. 199,015 shares of the company's stock traded hands, compared to its average volume of 640,868. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.36. Jack Henry & Associates, Inc. has a 1 year low of $157.80 and a 1 year high of $196.00. The stock has a market capitalization of $11.83 billion, a P/E ratio of 26.02, a PEG ratio of 2.91 and a beta of 0.73. The business has a 50-day simple moving average of $172.58 and a 200-day simple moving average of $174.99.

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

Jack Henry & Associates Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given 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 dividend payout ratio (DPR) is 37.18%.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction on Monday, August 4th. The stock was 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 $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. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

JKHY has been the subject of a number of research reports. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased 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. Royal Bank Of Canada decreased 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. UBS Group decreased 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. Finally, DA Davidson set a $204.00 price target on Jack Henry & Associates in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently 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.