Benjamin Edwards Inc. Sells 31,367 Shares of Jack Henry & Associates, Inc. $JKHY

Benjamin Edwards Inc. reduced its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,886 shares of the technology company's stock after selling 31,367 shares during the quarter. Benjamin Edwards Inc. owned about 0.19% of Jack Henry & Associates worth $18,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. raised its holdings in Jack Henry & Associates by 3.3% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,002 shares of the technology company's stock valued at $365,000 after buying an additional 64 shares during the period. Advisory Services Network LLC boosted its stake in Jack Henry & Associates by 2.6% during the second quarter. Advisory Services Network LLC now owns 2,745 shares of the technology company's stock worth $466,000 after buying an additional 69 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its stake in Jack Henry & Associates by 0.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 22,768 shares of the technology company's stock worth $3,598,000 after buying an additional 71 shares during the period. Essential Partners LLC boosted its stake in Jack Henry & Associates by 65.8% during the first quarter. Essential Partners LLC now owns 184 shares of the technology company's stock worth $29,000 after buying an additional 73 shares during the period. Finally, DNB Asset Management AS increased its position in Jack Henry & Associates by 0.6% during the fourth quarter. DNB Asset Management AS now owns 13,261 shares of the technology company's stock valued at $2,420,000 after acquiring an additional 76 shares during the last quarter. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY opened at $169.73 on Friday. Jack Henry & Associates, Inc. has a 12-month low of $121.04 and a 12-month high of $193.39. The company has a current ratio of 1.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.02. The business's fifty day simple moving average is $151.46 and its 200-day simple moving average is $151.05. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.92 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The firm had revenue of $633.10 million for the quarter, compared to analyst estimates of $631.60 million. During the same quarter last year, the firm posted $1.75 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. On average, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Monday, September 7th will be issued a $0.61 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.44 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is currently 35.01%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley set a $170.00 target price on shares of Jack Henry & Associates in a report on Friday, May 8th. DA Davidson reissued a "buy" rating and issued a $198.00 price objective on shares of Jack Henry & Associates in a research report on Wednesday, August 19th. UBS Group increased their price target on Jack Henry & Associates from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, August 20th. Wolfe Research raised their price target on Jack Henry & Associates from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their price objective on Jack Henry & Associates from $158.00 to $178.00 and gave the company a "neutral" rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $193.40.

Jack Henry & Associates Company Profile

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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