Jack Henry & Associates, Inc. $JKHY Shares Sold by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its shares in Jack Henry & Associates by 4.1%, now holding 135,315 shares valued at $24.38 million as of its latest SEC filing.
• Jack Henry reported earnings of $1.75 per share for the most recent quarter, surpassing analysts' expectations, with a revenue increase of 9.9% year-over-year.
• The company recently declared a quarterly dividend of $0.58 per share, representing an annual yield of 1.5% and a payout ratio of 37.18%.

Forvis Mazars Wealth Advisors LLC cut its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 135,315 shares of the technology company's stock after selling 5,857 shares during the quarter. Forvis Mazars Wealth Advisors LLC owned 0.19% of Jack Henry & Associates worth $24,380,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Jack Henry & Associates during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Jack Henry & Associates during the 1st quarter worth $38,000. Private Trust Co. NA boosted its stake in shares of Jack Henry & Associates by 49.0% during the 2nd quarter. Private Trust Co. NA now owns 216 shares of the technology company's stock worth $39,000 after acquiring an additional 71 shares in the last quarter. Assetmark Inc. boosted its stake 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 worth $46,000 after acquiring an additional 149 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of 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 acquiring an additional 115 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Jack Henry & Associates

In other Jack Henry & Associates 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 transaction, the director directly owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

Jack Henry & Associates Trading Down 0.0%

JKHY opened at $152.93 on Friday. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 2.77 and a beta of 0.78. Jack Henry & Associates, Inc. has a 1 year low of $144.12 and a 1 year high of $196.00. The stock has a fifty day moving average price of $156.63 and a 200 day moving average price of $169.67.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $615.37 million during the quarter, compared to analysts' expectations of $602.20 million. Jack Henry & Associates had a return on equity of 22.60% and a net margin of 19.19%.The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.5%. Jack Henry & Associates's dividend payout ratio (DPR) is presently 37.18%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JKHY shares. UBS Group reduced their price objective on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Jack Henry & Associates in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Jack Henry & Associates from $178.00 to $170.00 and set a "market perform" rating for the company in a research note on Wednesday, October 1st. Royal Bank Of Canada reduced 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 note on Thursday, August 21st. Finally, Wall Street Zen lowered Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of "Hold" and an average target price of $173.25.

About Jack Henry & Associates

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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