Jack Henry & Associates, Inc. $JKHY Shares Purchased by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Jack Henry & Associates by 19.4% in the second quarter, acquiring 2,259 additional shares, bringing the total to 13,894 shares valued at approximately $2.5 million.
• Director David B. Foss sold 5,780 shares on August 4th for about $966,878, decreasing his ownership by 3.98%.
• Jack Henry & Associates’ recent quarterly earnings exceeded expectations, reporting an EPS of $1.75 and a revenue increase of 9.9% year-over-year, with a forecasted EPS of 5.83 for the current fiscal year.

IFM Investors Pty Ltd lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 19.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,894 shares of the technology company's stock after purchasing an additional 2,259 shares during the quarter. IFM Investors Pty Ltd's holdings in Jack Henry & Associates were worth $2,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at $38,000. Assetmark Inc. boosted its position in shares of Jack Henry & Associates by 147.5% in 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 boosted its position in shares of Jack Henry & Associates by 75.2% in the 1st quarter. National Pension Service now owns 268 shares of the technology company's stock valued at $49,000 after purchasing an additional 115 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Jack Henry & Associates in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 98.75% of the company's stock.

Insider Buying and Selling

In related news, Director David B. Foss sold 5,780 shares of the company's stock in a transaction dated 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. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JKHY shares. UBS Group decreased their price target on 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. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a research report on Friday, August 22nd. Keefe, Bruyette & Woods decreased their price objective on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research report on Thursday, August 21st. Robert W. Baird decreased their price objective on Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Finally, Royal Bank Of Canada decreased their price objective on 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 research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Stock Down 0.3%

Shares of NASDAQ JKHY opened at $151.45 on Tuesday. The business's 50 day moving average is $165.49 and its two-hundred day moving average is $173.33. The company has a market cap of $11.04 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.71 and a beta of 0.79. Jack Henry & Associates, Inc. has a 12 month low of $150.63 and a 12 month high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping the consensus estimate 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 company had revenue of $615.37 million for the quarter, compared to the consensus estimate of $602.20 million. During the same period in the previous year, the business posted $1.33 EPS. The company'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. Sell-side analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current fiscal year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given 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 dividend yield of 1.5%. Jack Henry & Associates's payout ratio is presently 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.

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