Jack Henry & Associates, Inc. $JKHY Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Jack Henry & Associates by 19.1%, making it the firm's 3rd biggest position, with a total ownership of approximately $872.6 million.
• Jack Henry & Associates reported $1.75 EPS in its latest quarterly earnings, exceeding analyst expectations of $1.50, with a year-over-year revenue increase of 9.9%.
• Analysts have mixed views on JKHY, with three firms rating it as a Buy, while others set target prices lower than previous estimates, reflecting cautious market sentiment.

Kayne Anderson Rudnick Investment Management LLC raised its position in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,778,922 shares of the technology company's stock after buying an additional 765,441 shares during the period. Jack Henry & Associates makes up about 2.1% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 3rd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned approximately 6.56% of Jack Henry & Associates worth $872,631,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Jack Henry & Associates by 19,937.4% during the first quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after acquiring an additional 464,941 shares during the period. Deutsche Bank AG increased its stake in shares of Jack Henry & Associates by 170.6% in the fourth quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock valued at $102,278,000 after purchasing an additional 367,806 shares during the period. Nuveen LLC acquired a new stake in shares of Jack Henry & Associates in the first quarter valued at approximately $31,463,000. Mackenzie Financial Corp increased its stake in shares of Jack Henry & Associates by 22.9% in the fourth quarter. Mackenzie Financial Corp now owns 835,244 shares of the technology company's stock valued at $146,418,000 after purchasing an additional 155,831 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Jack Henry & Associates by 363.7% in the fourth quarter. AQR Capital Management LLC now owns 174,136 shares of the technology company's stock valued at $30,526,000 after purchasing an additional 136,579 shares during the period. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Transactions at Jack Henry & Associates

In related news, Director David B. Foss sold 5,780 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

JKHY has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. DA Davidson set a $204.00 target price on shares of Jack Henry & Associates in a report on Friday, August 22nd. Keefe, Bruyette & Woods reduced their target price on shares of 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. UBS Group reduced their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Finally, 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 research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Jack Henry & Associates currently has a consensus rating of "Hold" and a consensus price target of $182.70.

Jack Henry & Associates Price Performance

Shares of Jack Henry & Associates stock traded up $0.46 during trading on Friday, hitting $163.28. 209,502 shares of the company's stock traded hands, compared to its average volume of 640,648. The firm's fifty day moving average price is $172.21 and its 200 day moving average price is $174.92. 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 cap of $11.90 billion, a PE ratio of 26.19, a PEG ratio of 2.92 and a beta of 0.73.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its 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 company had revenue of $615.37 million during 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%. The company's revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

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

Jack Henry & Associates 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.