Benjamin Edwards Inc. Sells 7,327 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Benjamin Edwards Inc. reduced its stake in Jack Henry & Associates (NASDAQ:JKHY) by 4.3%, selling 7,327 shares and leaving it with 162,350 shares (about 0.22% of the company) valued at $29.63 million at quarter-end.
• Jack Henry beat quarterly expectations with $1.72 EPS (vs. $1.43 est.) and set FY2026 guidance of 6.610–6.720 EPS; analysts hold a consensus Moderate Buy rating with an average target of $198.77.
• The company increased its quarterly dividend to $0.61 (annualized $2.44, yield ~1.6%) and remains largely institutionally owned (~98.75%), with major holders like Bank of New York Mellon owning over 712,000 shares.

Benjamin Edwards Inc. reduced its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 162,350 shares of the technology company's stock after selling 7,327 shares during the quarter. Benjamin Edwards Inc. owned about 0.22% of Jack Henry & Associates worth $29,632,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Modera Wealth Management LLC purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $3,298,000. Pensionfund Sabic purchased a new position in shares of Jack Henry & Associates during the 4th quarter valued at $1,204,000. Teacher Retirement System of Texas lifted its position in shares of Jack Henry & Associates by 693.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 87,817 shares of the technology company's stock valued at $13,079,000 after buying an additional 76,746 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Jack Henry & Associates during the 3rd quarter valued at $998,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Jack Henry & Associates by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 712,751 shares of the technology company's stock valued at $106,150,000 after buying an additional 32,468 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of recent research reports. Robert W. Baird raised Jack Henry & Associates from a "neutral" rating to an "outperform" rating and set a $205.00 price target on the stock in a research report on Thursday, February 5th. Wells Fargo & Company raised shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $181.00 to $196.00 in a report on Tuesday, February 17th. Morgan Stanley boosted their target price on shares of Jack Henry & Associates from $168.00 to $183.00 and gave the company an "equal weight" rating in a report on Thursday, February 5th. Stephens raised shares of Jack Henry & Associates from an "equal weight" rating to an "overweight" rating and set a $205.00 target price on the stock in a report on Thursday, February 5th. Finally, Loop Capital began coverage on shares of Jack Henry & Associates in a report on Tuesday, March 31st. They set a "buy" rating and a $197.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.77.

Jack Henry & Associates Trading Up 0.2%

Shares of JKHY stock opened at $154.03 on Friday. The company's fifty day simple moving average is $159.16 and its two-hundred day simple moving average is $168.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.60 and a quick ratio of 1.60. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $193.39. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.30 and a beta of 0.63.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.29. Jack Henry & Associates had a net margin of 20.59% and a return on equity of 23.75%. The business had revenue of $611.18 million for the quarter, compared to analysts' expectations of $608.46 million. During the same quarter in the previous year, the firm posted $1.34 EPS. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at 6.610-6.720 EPS. As a group, analysts anticipate that Jack Henry & Associates, Inc. will post 6.69 earnings per share for the current year.

Jack Henry & Associates Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Thursday, March 5th were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This is an increase from Jack Henry & Associates's previous quarterly dividend of $0.58. This represents a $2.44 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates's payout ratio is currently 35.06%.

Jack Henry & Associates 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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