AQR Capital Management LLC Sells 83,340 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• AQR Capital Management LLC has significantly decreased its stake in Jack Henry & Associates by 47.9%, owning 90,796 shares after selling 83,340 shares in the first quarter.
• The company reported $1.75 EPS for the quarter, exceeding expectations of $1.50 EPS, alongside a 9.9% year-over-year revenue increase to $615.37 million.
• Jack Henry & Associates has announced a quarterly dividend of $0.58 per share, which reflects a 1.4% dividend yield and a payout ratio of 37.18%.

AQR Capital Management LLC trimmed its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 47.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,796 shares of the technology company's stock after selling 83,340 shares during the period. AQR Capital Management LLC owned approximately 0.12% of Jack Henry & Associates worth $16,459,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of Jack Henry & Associates by 147.5% in the first quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 625,991 shares of the technology company's stock valued at $114,306,000 after purchasing an additional 6,342 shares in the last quarter. Tandem Investment Advisors Inc. lifted its holdings in shares of Jack Henry & Associates by 14.5% in the first quarter. Tandem Investment Advisors Inc. now owns 649,236 shares of the technology company's stock valued at $118,550,000 after purchasing an additional 82,414 shares in the last quarter. Bridges Investment Management Inc. lifted its holdings in shares of Jack Henry & Associates by 82.7% in the first quarter. Bridges Investment Management Inc. now owns 6,720 shares of the technology company's stock valued at $1,227,000 after purchasing an additional 3,041 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Jack Henry & Associates by 928.9% in the first quarter. Penserra Capital Management LLC now owns 5,340 shares of the technology company's stock valued at $974,000 after purchasing an additional 4,821 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JKHY. DA Davidson set a $204.00 price target on Jack Henry & Associates in a report on Friday, August 22nd. Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. UBS Group lowered their target price on 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. Royal Bank Of Canada lowered their target price on Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 21st. Finally, Robert W. Baird lowered their target price on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Jack Henry & Associates currently has a consensus rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates Price Performance

NASDAQ JKHY traded down $1.69 during trading on Monday, reaching $158.43. 797,096 shares of the company's stock were exchanged, compared to its average volume of 750,989. The business has a 50 day moving average price of $167.77 and a 200-day moving average price of $174.24. The stock has a market capitalization of $11.54 billion, a P/E ratio of 25.39, a PEG ratio of 2.85 and a beta of 0.79. Jack Henry & Associates, Inc. has a fifty-two week low of $157.71 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. The firm 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%.The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter 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, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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

Insiders Place Their Bets

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of the business's 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 transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.37% of the stock is currently owned by company 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.