Korea Investment CORP Has $6.56 Million Stake in Jack Henry & Associates, Inc. $JKHY

Key Points

• Korea Investment CORP has reduced its stake in Jack Henry & Associates, Inc. by 6.7%, now holding 35,934 shares valued at approximately $6.56 million.
• Jack Henry reported a quarterly earnings per share (EPS) of $1.75, exceeding analysts' estimates, with revenue reaching $615.37 million, a 9.9% increase year-over-year.
• Analysts have mixed ratings for Jack Henry shares, with price targets ranging from $175.00 to $212.00 and a current consensus rating of "Hold".

Korea Investment CORP reduced its holdings in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,934 shares of the technology company's stock after selling 2,600 shares during the period. Korea Investment CORP's holdings in Jack Henry & Associates were worth $6,562,000 at the end of the most recent reporting period.

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

Insider Activity 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 transaction of $966,878.40. Following the completion of the sale, the director owned 139,265 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 1.37% of the stock is currently owned by corporate insiders.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY traded down $0.27 during trading on Thursday, reaching $162.47. The company had a trading volume of 105,010 shares, compared to its average volume of 640,324. Jack Henry & Associates, Inc. has a 52 week low of $157.80 and a 52 week high of $196.00. The stock has a market cap of $11.84 billion, a PE ratio of 26.03, a PEG ratio of 2.91 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.36 and a current ratio of 1.71. The business's 50 day moving average price is $172.58 and its 200-day moving average price is $174.99.

Jack Henry & Associates (NASDAQ:JKHY - Get Free Report) last announced its earnings results on Tuesday, August 19th. The technology company reported $1.75 earnings per share 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 company had revenue of $615.37 million during the quarter, compared to the consensus estimate of $602.20 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. Jack Henry & Associates has set its FY 2026 guidance at EPS. Analysts expect that Jack Henry & Associates, Inc. will post 5.83 earnings per share for the current year.

Jack Henry & Associates Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a dividend of $0.58 per share. The ex-dividend date is Friday, September 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.4%. Jack Henry & Associates's payout ratio is currently 37.18%.

Analyst Ratings Changes

A number of equities analysts have commented on JKHY shares. UBS Group reduced 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. Wall Street Zen upgraded shares of Jack Henry & Associates from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Jack Henry & Associates from $183.00 to $178.00 and set a "market perform" rating on the stock in a research report on Thursday, August 21st. DA Davidson set a $204.00 price target on shares of Jack Henry & Associates in a research report on Friday, August 22nd. Finally, Robert W. Baird reduced 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. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $182.70.

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.