Fenimore Asset Management Inc Purchases 10,319 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Fenimore Asset Management Inc increased its ownership in Jack Henry & Associates by 4.6% during the second quarter, totaling 232,683 shares worth approximately $41.9 million.
• Jack Henry & Associates reported quarterly earnings of $1.75 per share, exceeding expectations and reflecting a 9.9% year-over-year revenue increase to $615.37 million.
• The company recently declared a quarterly dividend of $0.58, yielding 1.6% annually, with a dividend payout ratio of 37.18%.

Fenimore Asset Management Inc grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,683 shares of the technology company's stock after buying an additional 10,319 shares during the period. Fenimore Asset Management Inc owned approximately 0.32% of Jack Henry & Associates worth $41,922,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Jack Henry & Associates in the first quarter valued at about $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Jack Henry & Associates in the 1st quarter worth approximately $38,000. Assetmark Inc. raised its position in shares of Jack Henry & Associates by 147.5% in the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock worth $46,000 after purchasing an additional 149 shares during the last quarter. National Pension Service lifted its stake in shares of Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after buying an additional 115 shares in the last quarter. Finally, Steph & Co. bought a new position in Jack Henry & Associates in the 2nd quarter valued at approximately $51,000. 98.75% of the stock is currently owned by institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $146.26 on Monday. The business's 50-day moving average is $160.15 and its two-hundred day moving average is $171.52. The firm has a market capitalization of $10.63 billion, a P/E ratio of 23.44, a P/E/G ratio of 2.62 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced 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 company had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.Jack Henry & Associates's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

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

Insider Activity

In other news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction 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 sale, the director owned 139,265 shares in the company, valued at approximately $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. 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. Keefe, Bruyette & Woods lowered their price target on shares of Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. UBS Group cut 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 report on Thursday, August 21st. Finally, DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and an average price target of $178.38.

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.

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