Comerica Bank Buys 7,499 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Comerica Bank increased its holdings in Jack Henry & Associates by 18.1% during Q1, acquiring an additional 7,499 shares and now owning a total of 49,020 shares worth approximately $8.95 million.
• The company reported Q4 earnings of $1.75 per share, exceeding estimates, with a revenue of $615.37 million, indicating a year-over-year growth of 9.9%.
• Jack Henry & Associates is set to pay a quarterly dividend of $0.58 per share on September 26th, reflecting an annualized yield of 1.4%.

Comerica Bank increased its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 18.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,020 shares of the technology company's stock after acquiring an additional 7,499 shares during the period. Comerica Bank owned about 0.07% of Jack Henry & Associates worth $8,951,000 as of its most recent SEC filing.

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 position in Jack Henry & Associates by 2.3% in the first quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock worth $479,000 after acquiring an additional 59 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Jack Henry & Associates by 2.1% during the first 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 period. Strengthening Families & Communities LLC boosted its position in Jack Henry & Associates by 12.1% during the first 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 period. AdvisorNet Financial Inc boosted its position in Jack Henry & Associates by 9.8% during the first quarter. AdvisorNet Financial Inc now owns 838 shares of the technology company's stock valued at $153,000 after buying an additional 75 shares during the period. Finally, Smith Shellnut Wilson LLC ADV boosted its position in Jack Henry & Associates by 1.1% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 7,062 shares of the technology company's stock valued at $1,238,000 after buying an additional 77 shares during the period. 98.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the stock in a transaction dated 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 represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on JKHY shares. Robert W. Baird cut their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Keefe, Bruyette & Woods cut their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research report on Thursday, August 21st. Wall Street Zen lowered shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Finally, 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 for the company in a research report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $182.70.

Jack Henry & Associates Stock Up 0.3%

Shares of NASDAQ:JKHY traded up $0.44 during midday trading on Monday, hitting $163.26. 692,777 shares of the stock traded hands, compared to its average volume of 866,242. The stock has a market capitalization of $11.90 billion, a PE ratio of 26.16, a P/E/G ratio of 2.93 and a beta of 0.79. The business's 50 day moving average is $171.91 and its two-hundred day moving average is $174.93. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued 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 the consensus estimate of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Jack Henry & Associates 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.