Eventide Asset Management LLC Grows Stock Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Eventide Asset Management LLC increased its stake in Jack Henry & Associates by 39.9% during Q1, acquiring an additional 3,642 shares, which brought their total holdings to 12,778 shares valued at approximately $2.33 million.
• The company reported Q4 earnings of $1.75 EPS, surpassing analyst expectations of $1.50, and had a revenue of $615.37 million, reflecting a 9.9% year-over-year increase.
• Jack Henry & Associates declared a quarterly dividend of $0.58 per share, with an annualized dividend of $2.32, resulting in a yield of 1.4%.

Eventide Asset Management LLC grew its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 39.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,778 shares of the technology company's stock after acquiring an additional 3,642 shares during the period. Eventide Asset Management LLC's holdings in Jack Henry & Associates were worth $2,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC grew its stake in Jack Henry & Associates by 19.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after purchasing an additional 765,441 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Jack Henry & Associates by 19,937.4% during the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after buying an additional 464,941 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Jack Henry & Associates by 170.6% during the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after buying an additional 367,806 shares during the period. RGM Capital LLC purchased a new position in shares of Jack Henry & Associates during the first quarter valued at $58,951,000. Finally, Nuveen LLC bought a new stake in shares of Jack Henry & Associates in the first quarter valued at about $31,463,000. Institutional investors own 98.75% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on JKHY shares. Wall Street Zen downgraded shares of Jack Henry & Associates from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Robert W. Baird dropped their price objective on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Royal Bank Of Canada reduced their price objective on shares of 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. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Finally, DA Davidson set a $204.00 price target on Jack Henry & Associates in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $182.33.

Insider Activity

In related 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 value of $966,878.40. Following the completion of the transaction, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by insiders.

Jack Henry & Associates Stock Up 0.1%

Shares of JKHY traded up $0.22 during mid-day trading on Tuesday, hitting $162.75. 651,923 shares of the company traded hands, compared to its average volume of 644,714. The company has a market capitalization of $11.86 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 2.91 and a beta of 0.79. The business has a 50 day moving average of $169.83 and a 200 day moving average of $174.68. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results 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 net margin of 19.19% and a return on equity of 22.60%. The company had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. During the same period last year, the business earned $1.33 EPS. Jack Henry & Associates'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. As a group, research analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is 37.18%.

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.