Avanza Fonder AB Purchases Shares of 3,312 Jack Henry & Associates, Inc. $JKHY

Key Points

• Avanza Fonder AB has acquired 3,312 shares of Jack Henry & Associates, Inc., valued at approximately $597,000, signaling a growing investment interest in the technology firm.
• Jack Henry & Associates reported a quarterly earnings per share (EPS) of $1.75, surpassing analysts' expectations and indicating a 9.9% revenue growth year-over-year.
• The company recently announced a quarterly dividend of $0.58 per share, with an annualized yield of 1.5% and a dividend payout ratio of 37.18%.

Avanza Fonder AB bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,312 shares of the technology company's stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $38,000. Assetmark Inc. boosted its stake 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 worth $46,000 after buying an additional 149 shares during the last quarter. National Pension Service boosted its stake in shares of Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after buying an additional 115 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Jack Henry & Associates in the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 0.3%

NASDAQ JKHY opened at $151.45 on Tuesday. The company has a 50-day simple moving average of $165.49 and a two-hundred day simple moving average of $173.33. Jack Henry & Associates, Inc. has a 12-month low of $150.63 and a 12-month high of $196.00. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.71 and a beta of 0.79.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $602.20 million. During the same period in the prior year, the business posted $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.58 per share. 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 is presently 37.18%.

Insider Transactions at Jack Henry & Associates

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 transaction of $966,878.40. Following the completion of the sale, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This 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 this hyperlink. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird lowered their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. UBS Group lowered their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Finally, Royal Bank Of Canada lowered their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a report on Thursday, August 21st. Three equities 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 company. Based on data from MarketBeat.com, the stock has an average 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.

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