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. trimmed its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 21.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,788 shares of the technology company's stock after selling 5,450 shares during the period. 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.

Several other large investors have also recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC raised its position in Jack Henry & Associates by 12.5% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,545 shares of the technology company's stock valued at $282,000 after buying an additional 172 shares during the period. Kestra Investment Management LLC purchased a new position in Jack Henry & Associates in the first quarter valued at about $59,000. UniSuper Management Pty Ltd grew its stake in Jack Henry & Associates by 4.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,026 shares of the technology company's stock valued at $2,196,000 after purchasing an additional 500 shares in the last quarter. Sepio Capital LP grew its stake in Jack Henry & Associates by 37.2% in the first quarter. Sepio Capital LP now owns 4,429 shares of the technology company's stock valued at $809,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Jack Henry & Associates by 535.1% in the first quarter. Millennium Management LLC now owns 161,180 shares of the technology company's stock valued at $29,431,000 after purchasing an additional 135,801 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David B. Foss sold 5,780 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 139,265 shares in the company, valued at $23,296,249.20. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on JKHY. 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. Wall Street Zen downgraded Jack Henry & Associates from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. UBS Group lowered their target price on Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. DA Davidson set a $204.00 price target on Jack Henry & Associates in a research note on Friday, August 22nd. Finally, Keefe, Bruyette & Woods decreased 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Jack Henry & Associates presently has a consensus rating of "Hold" and an average price target of $182.33.

Jack Henry & Associates Stock Down 0.8%

Jack Henry & Associates stock traded down $1.30 during trading hours on Friday, hitting $160.12. The stock had a trading volume of 693,438 shares, compared to its average volume of 647,203. The company has a 50-day moving average of $168.64 and a two-hundred day moving average of $174.41. The company has a market cap of $11.67 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. Jack Henry & Associates, Inc. has a fifty-two week low of $157.80 and a fifty-two week high of $196.00.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Jack Henry & Associates has set its FY 2026 guidance at EPS. As a group, analysts forecast that Jack Henry & Associates, Inc. will post 5.83 EPS for the current fiscal year.

Jack Henry & Associates Dividend Announcement

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 issued a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.32 annualized dividend and a yield of 1.4%. Jack Henry & Associates's dividend payout ratio is 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.