Canandaigua National Trust Co of Florida Takes $305,000 Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Canandaigua National Trust Co of Florida recently acquired a stake in Jack Henry & Associates, purchasing 1,693 shares valued at approximately $305,000 during the second quarter.
• Jack Henry & Associates reported a Q2 earnings per share (EPS) of $1.75, exceeding estimates by $0.25, while also revealing a year-over-year revenue increase of 9.9%.
• The company declared a $0.58 quarterly dividend, reflecting a 1.4% yield, with the ex-dividend date set for September 5th.

Canandaigua National Trust Co of Florida bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,693 shares of the technology company's stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also made changes to their positions in JKHY. Kayne Anderson Rudnick Investment Management LLC raised its stake 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 acquiring an additional 765,441 shares during the period. GAMMA Investing LLC grew its holdings in shares of Jack Henry & Associates by 19,937.4% in the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after purchasing an additional 464,941 shares during the last quarter. RGM Capital LLC bought a new position in shares of Jack Henry & Associates in the first quarter worth about $58,951,000. Nuveen LLC bought a new position in shares of Jack Henry & Associates in the first quarter worth about $31,463,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Jack Henry & Associates by 22.9% in the fourth quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock worth $146,418,000 after purchasing an additional 155,831 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company's stock.

Insider Activity at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by insiders.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY opened at $160.12 on Monday. The stock has a market capitalization of $11.67 billion, a P/E ratio of 25.66, a P/E/G ratio of 2.85 and a beta of 0.79. The company's 50-day simple moving average is $168.22 and its 200-day simple moving average is $174.35. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.50 by $0.25. The firm had revenue of $615.37 million during the quarter, compared to analyst estimates 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 revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 37.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of 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. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a report on Friday, August 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. Wall Street Zen cut shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Robert W. Baird dropped their target price 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 issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Company Profile

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.

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.