Jack Henry & Associates, Inc. $JKHY is Court Place Advisors LLC's 5th Largest Position

Key Points

• Court Place Advisors LLC reduced its stake in Jack Henry & Associates by 4.1%, retaining 66,885 shares, which represents about 3.8% of its total holdings.
• Jack Henry & Associates reported $1.75 earnings per share for the previous quarter, exceeding estimates by $0.25 and showing a 9.9% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.58 per share, reflecting a 1.6% yield and a dividend payout ratio of 37.18%.

Court Place Advisors LLC trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,885 shares of the technology company's stock after selling 2,880 shares during the period. Jack Henry & Associates makes up approximately 3.8% of Court Place Advisors LLC's holdings, making the stock its 5th biggest holding. Court Place Advisors LLC owned approximately 0.09% of Jack Henry & Associates worth $12,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL raised its stake in Jack Henry & Associates by 14.4% during the second quarter. Blair William & Co. IL now owns 3,018 shares of the technology company's stock valued at $544,000 after purchasing an additional 379 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of Jack Henry & Associates by 86.3% in the 2nd quarter. Shell Asset Management Co. now owns 8,387 shares of the technology company's stock worth $1,511,000 after buying an additional 3,886 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Jack Henry & Associates by 6.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 24,600 shares of the technology company's stock valued at $4,432,000 after buying an additional 1,500 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of Jack Henry & Associates in the 2nd quarter valued at about $116,000. Finally, Trueblood Wealth Management LLC grew its position in Jack Henry & Associates by 6.0% in the second quarter. Trueblood Wealth Management LLC now owns 1,406 shares of the technology company's stock worth $253,000 after acquiring an additional 80 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

JKHY stock opened at $149.43 on Thursday. Jack Henry & Associates, Inc. has a 1-year low of $144.12 and a 1-year high of $196.00. The business has a 50-day moving average price of $158.60 and a 200 day moving average price of $171.04. The company has a market capitalization of $10.86 billion, a P/E ratio of 23.95, a PEG ratio of 2.68 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $615.37 million for the quarter, compared to analysts' expectations of $602.20 million. During the same period in the prior year, the business earned $1.33 EPS. The firm's quarterly revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend 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 business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $167.28, for a total value of $966,878.40. Following the completion of the transaction, the director directly owned 139,265 shares of the company's stock, valued at approximately $23,296,249.20. The trade was a 3.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on JKHY shares. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Wednesday. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a report 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, September 20th. Finally, UBS Group cut their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. 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 company's stock. According to data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and an average price target 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.

Want to see what other hedge funds are holding JKHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.