J. Safra Sarasin Holding AG Buys 7,342 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• J. Safra Sarasin Holding AG increased its stake in Jack Henry & Associates by 132.8%, acquiring an additional 7,342 shares to total 12,869 shares, worth approximately $2.3 million.
• Jack Henry & Associates reported earnings per share of $1.75 for the last quarter, surpassing analysts' estimates and showing a 9.9% increase in revenue compared to the same quarter last year.
• The company recently declared a quarterly dividend of $0.58 per share, resulting in an annualized dividend yield of 1.6%.

J. Safra Sarasin Holding AG increased its stake in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 132.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,869 shares of the technology company's stock after buying an additional 7,342 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Jack Henry & Associates were worth $2,319,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of JKHY. Wealth Enhancement Advisory Services LLC grew its stake in shares of Jack Henry & Associates by 40.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,964 shares of the technology company's stock worth $1,747,000 after acquiring an additional 2,888 shares during the period. Wellington Management Group LLP grew its stake in shares of Jack Henry & Associates by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 2,886 shares of the technology company's stock worth $506,000 after acquiring an additional 423 shares during the period. Fulton Bank N.A. bought a new position in shares of Jack Henry & Associates during the 1st quarter worth $343,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Jack Henry & Associates during the 1st quarter worth $333,000. Finally, Portside Wealth Group LLC grew its stake in shares of Jack Henry & Associates by 7.0% during the 1st quarter. Portside Wealth Group LLC now owns 1,466 shares of the technology company's stock worth $257,000 after acquiring an additional 96 shares during the period. Institutional investors own 98.75% of the company's stock.

Jack Henry & Associates Trading Down 0.0%

Shares of NASDAQ JKHY opened at $146.26 on Friday. The stock has a market cap of $10.63 billion, a price-to-earnings 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. The stock's 50-day moving average is $160.15 and its 200 day moving average is $171.58.

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 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 company had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. During the same period last year, the firm posted $1.33 EPS. Jack Henry & Associates's revenue for the quarter was up 9.9% compared to the same quarter last year. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Buying and Selling at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on 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 in the company, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on JKHY. Royal Bank Of Canada cut their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Keefe, Bruyette & Woods cut their target price on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research note on Wednesday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $178.38.

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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