AQR Capital Management LLC Cuts Stock Position in 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 decreased its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 47.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,796 shares of the technology company's stock after selling 83,340 shares during the quarter. AQR Capital Management LLC owned 0.12% of Jack Henry & Associates worth $16,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Jack Henry & Associates by 6.8% in the fourth quarter. Ameriprise Financial Inc. now owns 212,012 shares of the technology company's stock valued at $37,156,000 after acquiring an additional 13,462 shares during the period. Ethic Inc. lifted its holdings in Jack Henry & Associates by 24.8% in the fourth quarter. Ethic Inc. now owns 5,578 shares of the technology company's stock valued at $978,000 after acquiring an additional 1,108 shares during the period. Focus Partners Wealth acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $219,000. Jefferies Financial Group Inc. acquired a new position in Jack Henry & Associates in the fourth quarter valued at approximately $2,032,000. Finally, Janus Henderson Group PLC lifted its holdings in Jack Henry & Associates by 2.2% in the fourth quarter. Janus Henderson Group PLC now owns 7,824 shares of the technology company's stock valued at $1,372,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Jack Henry & Associates Stock Down 0.8%

NASDAQ JKHY traded down $1.30 during trading on Friday, hitting $160.12. The stock had a trading volume of 693,438 shares, compared to its average volume of 757,030. Jack Henry & Associates, Inc. has a twelve month low of $157.80 and a twelve month high of $196.00. The company has a market capitalization of $11.67 billion, a PE ratio of 25.66, a PEG ratio of 2.88 and a beta of 0.79. The firm has a 50 day moving average price of $168.22 and a 200 day moving average price of $174.32.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping 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 business had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same period in the previous year, the company posted $1.33 earnings per share. The business's revenue for the quarter was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.58 per share. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.4%. Jack Henry & Associates's payout ratio is presently 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 value of $966,878.40. Following the completion of the sale, the director owned 139,265 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JKHY shares. Robert W. Baird decreased their price target on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Keefe, Bruyette & Woods decreased their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a report on Thursday, August 21st. DA Davidson set a $204.00 target price on Jack Henry & Associates in a research note on Friday, August 22nd. Royal Bank Of Canada reduced 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. Finally, Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Jack Henry & Associates has a consensus rating of "Hold" and an average target price of $182.33.

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.