Board of the Pension Protection Fund Has $432,000 Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• The Board of the Pension Protection Fund reduced its stake in Jack Henry & Associates, Inc. by 57.1% during the second quarter, holding $432,000 worth of shares after selling 3,200 shares.
• Jack Henry & Associates recently announced a quarterly dividend of $0.58 per share, representing an annualized dividend of $2.32 and a yield of 1.5%.
• The company's quarterly earnings surpassed estimates, reporting $1.75 earnings per share against a consensus estimate of $1.50, with revenue increasing by 9.9% year-over-year.

Board of the Pension Protection Fund decreased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 57.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,400 shares of the technology company's stock after selling 3,200 shares during the period. Board of the Pension Protection Fund's holdings in Jack Henry & Associates were worth $432,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC grew its holdings in Jack Henry & Associates by 2.3% during the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after buying an additional 64 shares during the last quarter. Strengthening Families & Communities LLC grew its stake in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. grew its position in shares of Jack Henry & Associates by 11.3% in the second quarter. Blue Trust Inc. now owns 670 shares of the technology company's stock valued at $121,000 after purchasing an additional 68 shares during the last quarter. Finally, Phillips Wealth Planners LLC grew its position in shares of Jack Henry & Associates by 4.7% in the second quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company's stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Trading Up 1.5%

Shares of NASDAQ:JKHY opened at $151.54 on Friday. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The firm has a market capitalization of $11.01 billion, a PE ratio of 24.29, a PEG ratio of 2.71 and a beta of 0.78. The business's 50 day moving average is $157.87 and its 200-day moving average is $170.66.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data 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. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The company had revenue of $615.37 million for the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the firm earned $1.33 EPS. Jack Henry & Associates's revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, September 5th. Jack Henry & Associates's payout ratio is 37.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JKHY. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Jack Henry & Associates in a research report on Wednesday. Robert W. Baird lowered their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Royal Bank Of Canada lowered their target price on 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. UBS Group lowered their price objective on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating on the stock in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $178.38.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

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.

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