Bank of New York Mellon Corp Sells 21,678 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Bank of New York Mellon reduced its stake in Jack Henry & Associates by 3.0% in the fourth quarter, selling 21,678 shares and ending with 691,073 shares valued at about $126.1 million.
• Jack Henry & Associates beat earnings expectations in its latest quarter, reporting $1.71 EPS versus the $1.43 consensus, while revenue rose 8.7% year over year to $615.93 million.
• The company announced a quarterly dividend of $0.61 per share, payable June 19, and analysts currently rate the stock a “Moderate Buy” with an average price target of $192.08.

Bank of New York Mellon Corp lessened its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 691,073 shares of the technology company's stock after selling 21,678 shares during the period. Bank of New York Mellon Corp owned 0.95% of Jack Henry & Associates worth $126,107,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JKHY. Van ECK Associates Corp grew its holdings in shares of Jack Henry & Associates by 1,911.3% during the third quarter. Van ECK Associates Corp now owns 1,111,632 shares of the technology company's stock worth $165,555,000 after purchasing an additional 1,056,362 shares during the last quarter. Norges Bank bought a new position in Jack Henry & Associates in the fourth quarter valued at about $128,744,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Jack Henry & Associates by 6,728.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 621,546 shares of the technology company's stock valued at $113,420,000 after acquiring an additional 612,444 shares during the last quarter. UBS Group AG boosted its holdings in Jack Henry & Associates by 75.7% in the third quarter. UBS Group AG now owns 847,002 shares of the technology company's stock valued at $126,144,000 after acquiring an additional 364,878 shares during the last quarter. Finally, Caisse de depot et placement du Quebec boosted its holdings in Jack Henry & Associates by 880.6% in the third quarter. Caisse de depot et placement du Quebec now owns 318,093 shares of the technology company's stock valued at $47,374,000 after acquiring an additional 285,656 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.5%

NASDAQ JKHY opened at $130.11 on Friday. The firm has a market cap of $9.24 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.90 and a beta of 0.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. The stock's 50-day moving average is $147.08 and its 200-day moving average is $165.20. Jack Henry & Associates, Inc. has a one year low of $129.25 and a one year high of $193.39.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.28. Jack Henry & Associates had a return on equity of 24.03% and a net margin of 20.64%.The business had revenue of $615.93 million for the quarter, compared to analyst estimates of $619.67 million. During the same quarter last year, the firm earned $1.52 EPS. Jack Henry & Associates's revenue for the quarter was up 8.7% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.780-6.870 EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 6.84 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Monday, June 1st will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. Jack Henry & Associates's dividend payout ratio (DPR) is currently 34.13%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley set a $170.00 price target on Jack Henry & Associates in a report on Friday, May 8th. Royal Bank Of Canada decreased their price target on Jack Henry & Associates from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. UBS Group set a $165.00 price target on Jack Henry & Associates in a report on Thursday, May 7th. Wells Fargo & Company raised Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $181.00 to $196.00 in a research note on Tuesday, February 17th. Finally, DA Davidson reissued a "buy" rating and issued a $198.00 target price on shares of Jack Henry & Associates in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.08.

Insider Buying and Selling

In other news, CFO Mimi Carsley bought 375 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $134.12 per share, with a total value of $50,295.00. Following the transaction, the chief financial officer owned 6,007 shares in the company, valued at $805,658.84. This represents a 6.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory R. Adelson bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $133.42 per share, for a total transaction of $266,840.00. Following the transaction, the chief executive officer owned 21,036 shares in the company, valued at $2,806,623.12. The trade was a 10.51% increase in their position. The SEC filing for this purchase provides additional information. 0.60% of the stock is currently owned by company insiders.

About Jack Henry & Associates

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company's core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.

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