Jack Henry & Associates, Inc. $JKHY Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA sold 6,957 shares of Jack Henry & Associates, reducing its holdings by 78.1% to 1,956 shares during the second quarter, now valued at approximately $347,000.
• Analysts have mixed views on Jack Henry & Associates, with two rating it as a Buy, seven as Hold, and one as Sell, along with a consensus price target of $178.38.
• Jack Henry & Associates reported an earnings per share (EPS) of $1.75 for the last quarter, exceeding analyst expectations and marking a 9.9% increase in revenue year-over-year.

Union Bancaire Privee UBP SA trimmed its position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 78.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,956 shares of the technology company's stock after selling 6,957 shares during the period. Union Bancaire Privee UBP SA's holdings in Jack Henry & Associates were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JKHY. Axxcess Wealth Management LLC lifted its position in Jack Henry & Associates by 2.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,622 shares of the technology company's stock valued at $479,000 after purchasing an additional 59 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Jack Henry & Associates by 2.1% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,115 shares of the technology company's stock valued at $569,000 after purchasing an additional 64 shares during the last quarter. Strengthening Families & Communities LLC lifted its position in Jack Henry & Associates by 12.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 632 shares of the technology company's stock valued at $105,000 after purchasing an additional 68 shares during the last quarter. Phillips Wealth Planners LLC lifted its position in Jack Henry & Associates by 4.7% in the 2nd quarter. Phillips Wealth Planners LLC now owns 1,611 shares of the technology company's stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Finally, CX Institutional lifted its position in Jack Henry & Associates by 6.3% in the 2nd quarter. CX Institutional now owns 1,264 shares of the technology company's stock valued at $228,000 after purchasing an additional 75 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on JKHY shares. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. UBS Group dropped their price target on shares of Jack Henry & Associates from $185.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Robert W. Baird dropped their price target on shares of Jack Henry & Associates from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Royal Bank Of Canada dropped their price target on shares of Jack Henry & Associates from $203.00 to $185.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 21st. Finally, DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Jack Henry & Associates presently has an average rating of "Hold" and a consensus price target of $178.38.

Jack Henry & Associates Price Performance

NASDAQ JKHY opened at $146.29 on Thursday. The company's 50 day simple moving average is $161.44 and its 200 day simple moving average is $172.01. Jack Henry & Associates, Inc. has a 12 month low of $145.64 and a 12 month high of $196.00. The company has a market capitalization of $10.63 billion, a P/E ratio of 23.44, a PEG ratio of 2.65 and a beta of 0.78.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.25. Jack Henry & Associates had a net margin of 19.19% and a return on equity of 22.60%. The business 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 firm earned $1.33 EPS. The business'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. On average, analysts anticipate that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 5th. Jack Henry & Associates's dividend payout ratio (DPR) is 37.18%.

Insider Buying and Selling at Jack Henry & Associates

In other news, Director David B. Foss sold 5,780 shares of Jack Henry & Associates stock in a transaction that occurred on Monday, August 4th. The shares were 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. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is currently owned by company insiders.

Jack Henry & Associates Company 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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