Contravisory Investment Management Inc. Buys Shares of 4,489 Jack Henry & Associates, Inc. $JKHY

Key Points

• Contravisory Investment Management Inc. has invested approximately $809,000 in Jack Henry & Associates, purchasing 4,489 shares of the technology company's stock.
• Jack Henry & Associates reported a quarterly earnings per share (EPS) of $1.75, exceeding analysts' expectations of $1.50, and a revenue of $615.37 million.
• The company declared a quarterly dividend of $0.58 per share, resulting in an annualized dividend of $2.32 and a yield of 1.5%.

Contravisory Investment Management Inc. bought a new stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,489 shares of the technology company's stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Focus Partners Wealth acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $219,000. Janus Henderson Group PLC increased its position in Jack Henry & Associates by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 7,824 shares of the technology company's stock worth $1,372,000 after purchasing an additional 167 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Jack Henry & Associates during the 4th quarter worth approximately $421,000. Royal Bank of Canada increased its position in Jack Henry & Associates by 58.3% during the 4th quarter. Royal Bank of Canada now owns 302,092 shares of the technology company's stock worth $52,957,000 after purchasing an additional 111,222 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in Jack Henry & Associates by 6.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 2,625 shares of the technology company's stock worth $460,000 after acquiring an additional 163 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Jack Henry & Associates Price Performance

NASDAQ:JKHY traded down $0.56 on Monday, reaching $151.42. 305,027 shares of the company's stock were exchanged, compared to its average volume of 665,002. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.71 and a beta of 0.79. Jack Henry & Associates, Inc. has a 52 week low of $150.63 and a 52 week high of $196.00. The stock has a fifty day simple moving average of $165.98 and a 200-day simple moving average of $173.61.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm's 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 in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

JKHY has been the topic of a number of research reports. Royal Bank Of Canada reduced their target price 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. UBS Group dropped their target price on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. 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 research report on Thursday, August 21st. Robert W. Baird lowered their price objective 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. Finally, DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $182.33.

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.