Generali Asset Management SPA SGR Purchases 10,418 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Generali Asset Management SPA SGR significantly increased its holdings in Jack Henry & Associates by 1,484.0%, acquiring an additional 10,418 shares to reach a total of 11,120 shares valued at approximately $2.0 million.
• Other institutions, including Axxcess Wealth Management and Bank Julius Baer, have also made recent increases in their stakes, contributing to a total institutional ownership of 98.75%.
• Jack Henry & Associates reported $1.75 earnings per share for the latest quarter, exceeding analyst expectations, along with a 9.9% year-over-year revenue growth to $615.37 million.

Generali Asset Management SPA SGR lifted its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 1,484.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,120 shares of the technology company's stock after acquiring an additional 10,418 shares during the period. Generali Asset Management SPA SGR's holdings in Jack Henry & Associates were worth $2,003,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC boosted its stake in Jack Henry & Associates by 2.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock worth $569,000 after buying an additional 64 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock worth $105,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Jack Henry & Associates by 11.3% in the 2nd quarter. Blue Trust Inc. now owns 670 shares of the technology company's stock worth $121,000 after buying an additional 68 shares during the last quarter. Finally, Phillips Wealth Planners LLC boosted its stake in shares of Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company's stock worth $290,000 after buying an additional 73 shares during the last quarter. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Stock Performance

NASDAQ JKHY opened at $152.94 on Friday. The company has a market capitalization of $11.11 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. The business's fifty day moving average is $156.80 and its 200 day moving average is $169.99. Jack Henry & Associates, Inc. has a fifty-two week low of $144.12 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.25. The company had revenue of $615.37 million for 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is currently 37.18%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research note on Friday, August 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Robert W. Baird dropped their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their price target on 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, Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has an average rating of "Hold" and a consensus price target of $174.88.

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $167.28, for a total transaction of $966,878.40. Following the sale, the director directly owned 139,265 shares of the company's stock, valued at $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 is available through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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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