Jack Henry & Associates, Inc. $JKHY Shares Acquired by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management Inc. increased its stake in Jack Henry & Associates, acquiring an additional 16,400 shares, bringing its total holdings to 60,200 shares, valued at approximately $10.8 million.
• Equity analysts have mixed views on Jack Henry & Associates, with several lowering their price targets, leading to a consensus target price of $182.33 and a rating that leans towards "Hold".
• The company reported a strong quarterly performance, with an EPS of $1.75 beating expectations, and projected a revenue increase of 9.9% year over year.

PineStone Asset Management Inc. lifted its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 37.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,200 shares of the technology company's stock after buying an additional 16,400 shares during the period. PineStone Asset Management Inc. owned 0.08% of Jack Henry & Associates worth $10,846,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in shares of Jack Henry & Associates during the first quarter valued at approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Jack Henry & Associates in the 1st quarter worth approximately $38,000. Assetmark Inc. boosted its position in Jack Henry & Associates by 147.5% during the 1st quarter. Assetmark Inc. now owns 250 shares of the technology company's stock valued at $46,000 after purchasing an additional 149 shares during the period. National Pension Service grew its stake in Jack Henry & Associates by 75.2% during the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after buying an additional 115 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Jack Henry & Associates in the first quarter worth $59,000. Institutional investors own 98.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada reduced their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating for the company in a report on Thursday, August 21st. Robert W. Baird cut 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 report on Wednesday, August 20th. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. UBS Group dropped 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 note on Thursday, August 21st. Finally, Keefe, Bruyette & Woods cut their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a report on Thursday, August 21st. Three equities research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Stock Down 2.0%

Shares of JKHY opened at $148.45 on Friday. The firm has a market capitalization of $10.79 billion, a PE ratio of 23.79, a P/E/G ratio of 2.70 and a beta of 0.79. The firm has a 50-day moving average price of $163.86 and a 200 day moving average price of $172.73. Jack Henry & Associates, Inc. has a 52-week low of $148.30 and a 52-week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly 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. The company had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. Jack Henry & Associates's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities analysts expect that Jack Henry & Associates, Inc. will post 5.83 EPS for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is presently 37.18%.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction dated 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 transaction, the director owned 139,265 shares of the company's stock, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.37% of the company's stock.

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.

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