Meiji Yasuda Asset Management Co Ltd. Sells 5,450 Shares of Jack Henry & Associates, Inc. $JKHY

Key Points

• Meiji Yasuda Asset Management Co Ltd. sold 5,450 shares of Jack Henry & Associates, decreasing its holdings by 21.6% during the first quarter, leaving it with 19,788 shares worth $3,613,000.
• Jack Henry & Associates reported an EPS of $1.75 in its latest earnings, surpassing estimates and showing a 9.9% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.58, representing a 1.4% dividend yield for stockholders of record as of September 5th.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,788 shares of the technology company's stock after selling 5,450 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Jack Henry & Associates were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of JKHY. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Jack Henry & Associates by 19.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,778,922 shares of the technology company's stock worth $872,631,000 after purchasing an additional 765,441 shares during the last quarter. GAMMA Investing LLC increased its holdings in Jack Henry & Associates by 19,937.4% in the 1st quarter. GAMMA Investing LLC now owns 467,273 shares of the technology company's stock worth $853,240,000 after buying an additional 464,941 shares in the last quarter. Deutsche Bank AG increased its holdings in Jack Henry & Associates by 170.6% in the 4th quarter. Deutsche Bank AG now owns 583,444 shares of the technology company's stock worth $102,278,000 after buying an additional 367,806 shares in the last quarter. RGM Capital LLC bought a new stake in Jack Henry & Associates in the 1st quarter worth about $58,951,000. Finally, Nuveen LLC bought a new stake in Jack Henry & Associates in the 1st quarter worth about $31,463,000. Hedge funds and other institutional investors own 98.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on JKHY. 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 report on Thursday, August 21st. DA Davidson set a $204.00 price objective on Jack Henry & Associates in a report on Friday, August 22nd. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, 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 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $182.33.

Jack Henry & Associates Stock Down 0.8%

Shares of Jack Henry & Associates stock traded down $1.30 during trading hours on Friday, reaching $160.12. 693,438 shares of the stock traded hands, compared to its average volume of 750,989. The company has a 50 day moving average price of $168.22 and a 200 day moving average price of $174.35. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.85 and a beta of 0.79. Jack Henry & Associates, Inc. has a one year low of $157.80 and a one year 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.25. The business had revenue of $615.37 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Announces Dividend

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 dividend yield of 1.4%. The ex-dividend date is Friday, September 5th. Jack Henry & Associates's payout ratio is currently 37.18%.

Insider Activity

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

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.