Northern Trust Corp Has $144.38 Million Position in Jack Henry & Associates, Inc. $JKHY

Key Points

• Northern Trust Corp increased its holdings in Jack Henry & Associates by 0.2% during the first quarter, owning approximately 1.08% of the company's shares valued at $144.38 million.
• Jack Henry & Associates reported earnings of $1.75 per share, exceeding analysts' expectations, with a revenue of $615.37 million during the last quarter, reflecting a 9.9% year-over-year increase.
• Several research analysts have recently downgraded their price targets for the stock, with Robert W. Baird and Royal Bank of Canada both reducing their estimates to $185.00.

Northern Trust Corp lifted its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 0.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790,691 shares of the technology company's stock after purchasing an additional 1,830 shares during the quarter. Northern Trust Corp owned 1.08% of Jack Henry & Associates worth $144,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Jack Henry & Associates in the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in shares of Jack Henry & Associates during the 1st quarter valued at $38,000. Assetmark Inc. grew its holdings in shares of 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 acquiring an additional 149 shares in the last quarter. National Pension Service increased its stake in shares of Jack Henry & Associates by 75.2% in the first quarter. National Pension Service now owns 268 shares of the technology company's stock worth $49,000 after acquiring an additional 115 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Jack Henry & Associates during the fourth quarter worth $54,000. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on JKHY shares. Robert W. Baird lowered their target price on 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 cut their price target 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. Keefe, Bruyette & Woods lowered their price target on Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating for the company in a research note on Thursday, August 21st. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $182.70.

Jack Henry & Associates Stock Performance

NASDAQ:JKHY traded down $0.28 during midday trading on Thursday, reaching $162.47. The stock had a trading volume of 105,010 shares, compared to its average volume of 640,324. The stock has a market capitalization of $11.84 billion, a P/E ratio of 26.03, a PEG ratio of 2.91 and a beta of 0.73. Jack Henry & Associates, Inc. has a 1-year low of $157.80 and a 1-year high of $196.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.36. The firm's fifty day simple moving average is $172.58 and its 200-day simple moving average is $174.99.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The company had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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

Insider Buying and Selling

In other Jack Henry & Associates news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates 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 transaction, the director directly owned 139,265 shares of the company's stock, valued at $23,296,249.20. The trade was a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.37% of the stock is currently owned by corporate insiders.

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.