Flputnam Investment Management Co. Sells 19,064 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Flputnam Investment Management Co. significantly reduced its holdings in Jack Henry & Associates by 84.6%, now owning 3,457 shares valued at $631,000.
• Jack Henry & Associates reported a quarterly EPS of $1.75, exceeding analysts' expectations, and a revenue increase of 9.9% year-over-year, reaching $615.37 million.
• The company has declared a quarterly dividend of $0.58 per share, with a dividend yield of 1.4% and a payout ratio of 37.18% effective September 26.

Flputnam Investment Management Co. lowered its holdings in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 84.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,457 shares of the technology company's stock after selling 19,064 shares during the quarter. Flputnam Investment Management Co.'s holdings in Jack Henry & Associates were worth $631,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JKHY. AXA S.A. grew its position in Jack Henry & Associates by 32.9% in the 4th quarter. AXA S.A. now owns 10,346 shares of the technology company's stock valued at $1,814,000 after purchasing an additional 2,562 shares during the period. Ameriprise Financial Inc. grew its position in Jack Henry & Associates by 6.8% in the 4th quarter. Ameriprise Financial Inc. now owns 212,012 shares of the technology company's stock valued at $37,156,000 after purchasing an additional 13,462 shares during the period. Caxton Associates LP acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $751,000. Castlekeep Investment Advisors LLC acquired a new stake in Jack Henry & Associates in the 4th quarter valued at $1,444,000. Finally, Cary Street Partners Financial LLC purchased a new position in Jack Henry & Associates during the 4th quarter worth $54,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the sale, the director directly owned 139,265 shares in the company, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

JKHY has been the topic of a number of analyst reports. Robert W. Baird cut 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. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Keefe, Bruyette & Woods cut their price objective on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. DA Davidson set a $204.00 price objective on shares of Jack Henry & Associates in a report on Friday, August 22nd. Finally, UBS Group cut their price objective 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. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and a consensus price target of $182.33.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded down $1.60 during mid-day trading on Monday, reaching $160.64. 132,556 shares of the company's stock were exchanged, compared to its average volume of 641,747. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.91 and a beta of 0.79. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The firm has a 50-day moving average price of $170.19 and a two-hundred day moving average price of $174.74.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. During the same period in the previous year, the business posted $1.33 EPS. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. 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 EPS for the current fiscal year.

Jack Henry & Associates Announces Dividend

The company also recently disclosed 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 is Friday, September 5th. Jack Henry & Associates's 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.