Jack Henry & Associates, Inc. $JKHY Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Jack Henry & Associates by 5.3%, now holding 295,282 shares valued at approximately $53.92 million.
• Institutional investors control 98.75% of Jack Henry & Associates' stock, with several large firms increasing their stakes during the fourth quarter.
• Jack Henry & Associates recently declared a quarterly dividend of $0.58 per share, indicating a dividend yield of 1.4%.

Epoch Investment Partners Inc. decreased its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,282 shares of the technology company's stock after selling 16,379 shares during the quarter. Epoch Investment Partners Inc. owned about 0.41% of Jack Henry & Associates worth $53,918,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JKHY. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Jack Henry & Associates in the 1st quarter valued at about $16,664,000. Jane Street Group LLC acquired a new stake in Jack Henry & Associates in the 1st quarter valued at about $9,430,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Jack Henry & Associates by 19.1% in the 1st 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 last quarter. Comerica Bank grew its stake in Jack Henry & Associates by 18.1% in the 1st quarter. Comerica Bank now owns 49,020 shares of the technology company's stock valued at $8,951,000 after acquiring an additional 7,499 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Jack Henry & Associates by 14.2% during the 1st quarter. Synovus Financial Corp now owns 18,494 shares of the technology company's stock worth $3,377,000 after purchasing an additional 2,299 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JKHY has been the topic of several analyst reports. 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 raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group decreased 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 decreased 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. Finally, Royal Bank Of Canada decreased 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 research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $182.70.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the company's 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 completion of the transaction, the director owned 139,265 shares in the company, 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 is accessible through the SEC website. Corporate insiders own 1.37% of the company's stock.

Jack Henry & Associates Stock Up 0.3%

Shares of NASDAQ JKHY traded up $0.44 during trading on Friday, reaching $163.26. 692,777 shares of the stock were exchanged, compared to its average volume of 862,958. The business's 50-day moving average price is $171.91 and its 200 day moving average price is $174.86. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00. The company has a market capitalization of $11.90 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 2.92 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. The business 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 business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

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.