Jack Henry & Associates, Inc. $JKHY is Laurus Global Equity Management Inc.'s 2nd Largest Position

Key Points

• Laurus Global Equity Management Inc. has reduced its holdings in Jack Henry & Associates by 9.8%, now holding approximately 78,679 shares, which constitutes about 9.3% of its investment portfolio.
• Jack Henry & Associates reported quarterly earnings of $1.75 per share, exceeding estimates and reflecting a 9.9% increase in revenue year-over-year, amounting to $615.37 million.
• The firm declared a quarterly dividend of $0.58, representing an annual yield of 1.6%, with a current dividend payout ratio of 37.18%.

Laurus Global Equity Management Inc. cut its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,679 shares of the technology company's stock after selling 8,510 shares during the period. Jack Henry & Associates comprises about 9.3% of Laurus Global Equity Management Inc.'s investment portfolio, making the stock its 2nd biggest holding. Laurus Global Equity Management Inc. owned approximately 0.11% of Jack Henry & Associates worth $14,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JKHY. Summit Securities Group LLC purchased a new stake in Jack Henry & Associates during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Jack Henry & Associates in the 1st quarter worth about $38,000. Assetmark Inc. increased 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 raised its stake in shares of Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after purchasing an additional 115 shares in the last quarter. Finally, Steph & Co. acquired a new stake in shares of Jack Henry & Associates in the 2nd quarter valued at about $51,000. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Stock Performance

Shares of NASDAQ JKHY opened at $146.26 on Monday. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The firm has a market cap of $10.63 billion, a P/E ratio of 23.44, a PEG ratio of 2.62 and a beta of 0.78. The stock has a fifty day moving average price of $160.15 and a two-hundred day moving average price of $171.52.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $602.20 million. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, research analysts predict 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 declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. Jack Henry & Associates's dividend payout ratio is currently 37.18%.

Insider Activity at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JKHY shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Saturday, September 27th. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods dropped their price target on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Finally, UBS Group reduced 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 research report on Thursday, August 21st. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $178.38.

Jack Henry & Associates Company 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.

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.