Jack Henry & Associates, Inc. $JKHY Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. significantly reduced its stake in Jack Henry & Associates by 80.2%, now holding only 79,993 shares valued at approximately $14.6 million.
• Jack Henry & Associates recently reported a quarterly EPS of $1.75, exceeding estimates, and a revenue increase of 9.9% year-over-year.
• The company announced a quarterly dividend of $0.58 per share, reflecting a 1.4% dividend yield, with a payout ratio of 37.18%.

Baird Financial Group Inc. trimmed its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 80.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,993 shares of the technology company's stock after selling 324,454 shares during the quarter. Baird Financial Group Inc. owned about 0.11% of Jack Henry & Associates worth $14,607,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 19.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock valued at $872,631,000 after purchasing an additional 765,441 shares during the period. GAMMA Investing LLC boosted its holdings in Jack Henry & Associates by 19,937.4% in the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock valued at $853,240,000 after purchasing an additional 464,941 shares during the period. Deutsche Bank AG grew its position in shares of Jack Henry & Associates by 170.6% during the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after purchasing an additional 367,806 shares in the last quarter. RGM Capital LLC purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at $58,951,000. Finally, Nuveen LLC purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at $31,463,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Stock Performance

Shares of Jack Henry & Associates stock traded up $0.37 on Friday, hitting $162.24. 595,384 shares of the company traded hands, compared to its average volume of 842,859. The stock has a market capitalization of $11.82 billion, a P/E ratio of 26.00, a price-to-earnings-growth ratio of 2.91 and a beta of 0.79. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The business has a 50-day simple moving average of $170.19 and a 200 day simple moving average of $174.70.

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 for the quarter, topping the consensus estimate of $1.50 by $0.25. The company had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. Research analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share 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 issued a $0.58 dividend. The ex-dividend date is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.4%. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Buying and Selling

In other Jack Henry & Associates 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 value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JKHY shares. UBS Group cut their price objective 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 price objective on shares of Jack Henry & Associates in a report on Friday, August 22nd. Keefe, Bruyette & Woods decreased their price target 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 price target 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 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. Three 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.