Copeland Capital Management LLC Sells 21,084 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Copeland Capital Management LLC reduced its stake in Jack Henry & Associates by 10.4%, selling 21,084 shares and retaining 182,529 shares valued at approximately $32.89 million.
• Multiple other institutional investors have recently increased their holdings in Jack Henry & Associates, indicating notable interest, with 98.75% of the stock owned by institutional investors.
• A number of analysts have adjusted their price targets for Jack Henry & Associates, with an average target of $178.38 and the stock currently rated as "Hold" by the majority of analysts.

Copeland Capital Management LLC trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 10.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 182,529 shares of the technology company's stock after selling 21,084 shares during the period. Copeland Capital Management LLC owned approximately 0.25% of Jack Henry & Associates worth $32,886,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Jack Henry & Associates by 19.1% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after acquiring an additional 765,441 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Jack Henry & Associates by 3.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,367,002 shares of the technology company's stock worth $249,615,000 after acquiring an additional 48,311 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Jack Henry & Associates by 8.9% during the 1st quarter. Handelsbanken Fonder AB now owns 1,007,500 shares of the technology company's stock worth $183,970,000 after acquiring an additional 82,100 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Jack Henry & Associates by 2.8% in the first quarter. Raymond James Financial Inc. now owns 778,695 shares of the technology company's stock valued at $142,190,000 after buying an additional 21,040 shares in the last quarter. Finally, Tandem Investment Advisors Inc. lifted its stake in Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after buying an additional 82,414 shares in the last quarter. 98.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on JKHY. Keefe, Bruyette & Woods lowered their target price on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating on the stock in a report on Wednesday. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research note on Friday, August 22nd. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Royal Bank Of Canada decreased 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 research note on Thursday, August 21st. Finally, UBS Group decreased their price target 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. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $178.38.

Jack Henry & Associates Stock Up 0.0%

JKHY opened at $146.31 on Friday. Jack Henry & Associates, Inc. has a twelve month low of $144.12 and a twelve month high of $196.00. The company has a 50-day simple moving average of $160.75 and a 200 day simple moving average of $171.79. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.62 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted 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 net margin of 19.19% and a return on equity of 22.60%. The business had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. During the same quarter in the prior year, the business posted $1.33 earnings per share. Jack Henry & Associates's revenue was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.6%. Jack Henry & Associates's dividend payout ratio is 37.18%.

Insider Activity at Jack Henry & Associates

In other 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 owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. This 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.

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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